GBP/USD holds onto recovery gains above short-term key EMA. 61.8% Fibonacci retracement lures the buyers. 100-day and 200-day EMAs add barriers to the upside. 50% Fibonacci retracement, monthly low will be on the sellers’ radar during fresh downside. While bouncing off 21-day EMA, GBP/USD takes the bids to 1.2490 during the early Asian session on Friday. The Cable currently rises towards 61.8% Fibonacci retracement of March month upside, at 1.2520, whereas 100-day and 200-day EMA levels, respectively around 1.2650 and 1.2720, could challenge buyers afterward. If at all the bulls manage to conquer 200-day EMA, February month low near 1.2725 validates the further upside towards March top surrounding 1.3200. Alternatively, 50% Fibonacci retracement level and the month’s low, around 1.2310 and 1.2165 in that order, will be the sellers’ target if the quote closes below the immediate support near 1.2405/2400. GBP/USD daily chart Trend: Further recovery expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gilead: Expect data from phase-3 study available end of April FX Street 2 years GBP/USD holds onto recovery gains above short-term key EMA. 61.8% Fibonacci retracement lures the buyers. 100-day and 200-day EMAs add barriers to the upside. 50% Fibonacci retracement, monthly low will be on the sellers’ radar during fresh downside. While bouncing off 21-day EMA, GBP/USD takes the bids to 1.2490 during the early Asian session on Friday. The Cable currently rises towards 61.8% Fibonacci retracement of March month upside, at 1.2520, whereas 100-day and 200-day EMA levels, respectively around 1.2650 and 1.2720, could challenge buyers afterward. If at all the bulls manage to conquer 200-day EMA, February month low near 1.2725… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
