GBP/USD refreshing intraday high while extending recovery moves from 1.3429. Dwindling MACD, repeated failures to cross 1.3600 probe buyers. Three-month-old ascending trend line adds to the downside filters. GBP/USD rises to 1.3479, up 0.27% intraday, during Tuesday’s Asian session. The cable revisited last Wednesday’s lows the previous day before recovering from 21-day SMA. Although corrective pullback from the key short-term SMA suggests the pair’s further upside towards the 1.3500 round-figure, 1.3570 and the 1.3600 threshold can challenge any extra north-run. In a case where the quote manages to cross 1.3600 on a daily closing, it needs to pierce the monthly peak surrounding 1.3625 before eyeing the March 2018 low near 1.3710. On the contrary, a downside break below 21-day SMA, currently around 1.3430, may recall the 1.3300 round-figure on the chart. However, an upward sloping trend line from September 23, at 1.3230 now, will challenge the GBP/USD sellers afterward. GBP/USD daily chart Trend: Bullish 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 GBP/USD Price Analysis: Bounces off 21-day SMA towards 1.3500 FX Street 1 year GBP/USD refreshing intraday high while extending recovery moves from 1.3429. Dwindling MACD, repeated failures to cross 1.3600 probe buyers. Three-month-old ascending trend line adds to the downside filters. GBP/USD rises to 1.3479, up 0.27% intraday, during Tuesday’s Asian session. The cable revisited last Wednesday’s lows the previous day before recovering from 21-day SMA. Although corrective pullback from the key short-term SMA suggests the pair’s further upside towards the 1.3500 round-figure, 1.3570 and the 1.3600 threshold can challenge any extra north-run. In a case where the quote manages to cross 1.3600 on a daily closing, it needs to pierce the monthly… 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.
