GBP/USD refreshes the multi-month high following its sustained rise from 1.3206. Overbought RSI, the key upside barrier challenge the pair’s further rise. Sellers may look for entries below the early-month top under 1.3200. UK CPI may slip to -0.1% MoM versus +0.1% prior during July. GBP/USD picks up the bids near 1.3255, up 0.12% on a day, during the early Wednesday. In doing so, the Cable seesaws near the highest since January’s peak surrounding 1.3270. While sustained trading beyond 1.3200 favors the bulls, overbought RSI and nearness to the area comprising December 13 low and 31’s peak, around 1.3285-3305, challenge the pair’s further upside. In a case, the quote crosses 1.3305 on a daily basis, its run-up to the year 2019 top surrounding 1.3515 can’t be ruled out. Alternatively, sellers await a downside break below August 06 top of 1.3185 to take fresh entries while targeting the 1.3000 threshold and the monthly low around 1.2980. It’s worth mentioning that the pair’s declines past-1.2980 will aim for an ascending trend line from June 30, at 1.2928 now. GBP/USD daily chart Trend: Pullback 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 PBOC sets yuan reference rate at 6.9168 FX Street 2 years GBP/USD refreshes the multi-month high following its sustained rise from 1.3206. Overbought RSI, the key upside barrier challenge the pair’s further rise. Sellers may look for entries below the early-month top under 1.3200. UK CPI may slip to -0.1% MoM versus +0.1% prior during July. GBP/USD picks up the bids near 1.3255, up 0.12% on a day, during the early Wednesday. In doing so, the Cable seesaws near the highest since January’s peak surrounding 1.3270. While sustained trading beyond 1.3200 favors the bulls, overbought RSI and nearness to the area comprising December 13 low and 31’s peak, around 1.3285-3305, challenge… 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.
