GBP/USD prints four-day winning streak while taking the bids above 1.3100. Sustained trading beyond a four-month-old rising trend line and a 7.5-month-long falling support line favor buyers. March month high lures the bulls while bears will stay away unless breaking 1.2990. GBP/USD refreshes the intraday high around 1.3115 during Monday’s Asian session. The Cable recently picked up bids following its U-turn from 1.3098. The same helps the quote to keep bulls happy for the fourth day in a row. Although overbought RSI and bearish MACD challenges the pair’s immediate upside, sellers are less likely to enter unless witnessing a break below a downward sloping trend line from December 31, 2019, at 1.2990 now. Also acting as the key support will be an ascending trend line from April 14, currently near 1.3025. Furthermore, the monthly low around 1.2980 adds a filter to the quote’s downside. If at all the GBP/USD prices drop below 1.2980, odds of the pair’s plunge to June month’s high of 1.2813 can’t be ruled out. On the flips side, the pair buyers keep targeting March month’s high near 1.3200 during the further north-run. However, December 2019 top close to 1.3285 will be eyed afterward as it holds the gate for the bulls’ rush towards the year 2019 peak of 1.3515. 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 EUR/JPY Price Analysis: Bears stepping in at a discount to seek lower structure FX Street 2 years GBP/USD prints four-day winning streak while taking the bids above 1.3100. Sustained trading beyond a four-month-old rising trend line and a 7.5-month-long falling support line favor buyers. March month high lures the bulls while bears will stay away unless breaking 1.2990. GBP/USD refreshes the intraday high around 1.3115 during Monday’s Asian session. The Cable recently picked up bids following its U-turn from 1.3098. The same helps the quote to keep bulls happy for the fourth day in a row. Although overbought RSI and bearish MACD challenges the pair’s immediate upside, sellers are less likely to enter unless witnessing a break… 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.
