GBP/USD extends bounce off 100-bar EMA, prints mild intraday gains. Normal RSI conditions, sustained trading beyond key moving average favor the bulls. Sellers need to refresh monthly low before retaking the controls. GBP/USD picks up bids near 1.3340, up 0.11% intraday, during early Tuesday. The cable rose for the first time in the last three days on Monday before recently extending gains above 100-bar EMA. The upside moves also benefit from the absence of overbought or oversold RSI conditions. As a result, GBP/USD buyers are again targeting a falling trend line from December 04, at 1.3410 now. However, a clear upside beyond the same will be critical to watch. Should the quote remains positive past-1.3410, odds of a fresh monthly high above 1.3539 can’t be ruled out. Alternatively, a downside break below 100-bar EMA, currently around 1.3320, will direct the GBP/USD sellers toward 1.3250 and the monthly low near 1.3130. Also acting as a downside filter is November’s trough surrounding 1.3100. GBP/USD four-hour chart Trend: Further upside 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 Gold Price Analysis: Bears waiting to pounce at key structure FX Street 2 years GBP/USD extends bounce off 100-bar EMA, prints mild intraday gains. Normal RSI conditions, sustained trading beyond key moving average favor the bulls. Sellers need to refresh monthly low before retaking the controls. GBP/USD picks up bids near 1.3340, up 0.11% intraday, during early Tuesday. The cable rose for the first time in the last three days on Monday before recently extending gains above 100-bar EMA. The upside moves also benefit from the absence of overbought or oversold RSI conditions. As a result, GBP/USD buyers are again targeting a falling trend line from December 04, at 1.3410 now. However, a clear… 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.
