GBP/USD keeps upside break of 50-HMA despite recent consolidation from 1.3642. Bullish MACD, sustained trading beyond 100-HMA direct bulls to an ascending trend line from December 22. GBP/USD picks up bids near 1.3628 during Wednesday’s Asian session. In doing so, the cable consolidates the previous day’s gains while staying above 50-HMA. In addition to the quote’s successful trading beyond 50-HMA, bullish MACD and GBP/USD buyers’ dominance past-100-HMA also suggest further upside of the pair. As a result, a short-term resistance line, previous support, around 1.3645, gained immediate attention of GBP/USD bulls. However, upside moves past-1.3645 will have a bumpy road as the monthly top near 1.3705 and March 2018 low around 1.3710 stands tall to test the GBP/USD strength. On the flip side, 50-HMA and 100-HMA, respectively around 1.3615 and 1.3550, restrict the short-term downside of the GBP/USD prices. Should GBP/USD bears dominate past-1.3550, there are multiple supports around 1.3530-20 ahead of highlighting the sub-1.3500 area. GBP/USD hourly 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 CAD/JPY Price Analysis: Bulls seeking a weekly extension for high level R/R FX Street 11 months GBP/USD keeps upside break of 50-HMA despite recent consolidation from 1.3642. Bullish MACD, sustained trading beyond 100-HMA direct bulls to an ascending trend line from December 22. GBP/USD picks up bids near 1.3628 during Wednesday’s Asian session. In doing so, the cable consolidates the previous day’s gains while staying above 50-HMA. In addition to the quote’s successful trading beyond 50-HMA, bullish MACD and GBP/USD buyers’ dominance past-100-HMA also suggest further upside of the pair. As a result, a short-term resistance line, previous support, around 1.3645, gained immediate attention of GBP/USD bulls. However, upside moves past-1.3645 will have a bumpy road… Top 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.
