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  • GBPUSD stays firm after breaking 100-day EMA the previous day.
  • EU policymakers show preparedness to work on legal agreement.
  • A joint of 21-day and 50-day EMAs lures the pair buyers.
  • 61.8% Fibonacci retracement adds to the downside support.

GBP/USD remains positive while rising to 1.2875, up 0.31% on a day, during Tuesday’s Asian session. The Cable recently benefited from news shared by The Times that suggests the European Union (EU) is softening the stand over Brexit talks.

Read: GBP crosses catching a bid in Asia on Brexit hopes

Other than the fundamentals, the pair’s ability to cross the 100-day EMA also directs the bulls towards 1.2910/20 resistance confluence comprising 21-day and 50-day EMA.

Should GBP/USD buyers remain firm beyond 1.2920, the 1.3000 psychological magnet and the mid-month high around 1.3010 will be on their radars.

On the contrary, a downside break of 100-day EMA, currently near 1.2830 may rest on 61.8% Fibonacci retracement of June-September upside by the Pound major, at 1.2721 now.

In a case where the quote provides a daily closing below 1.2721, the early July tops near 1.2670 will be in the spotlight.

GBP/USD daily chart

Trend: Further upside expected