GBP/USD recedes from the highest since March 10. Break of two-day-old support line, MACD/RSI conditions push the sellers to take the risk. 1.2775/80 becomes the key support, bulls may aim for mid-February highs beyond 1.3000. GBP/USD eases to 1.2980 during Thursday’s Asian session. In doing so, the Cable takes a U-turn from the highest since the early March while cheering the break of the immediate support line. Also suggesting further pullback is the bearish MACD signal and downward sloping RSI. Hence, Tuesday’s high around 1.2940 gains the traders’ immediate attention ahead of an ascending support line from July 23, at 1.2925. If at all the bears manage to break 1.2925 level, 1.2900 holds the key to the pair’s south-run towards 1.2775/80 support-zone, comprising 200-HMA and early-July 24 high. Meanwhile, an upside clearance of 1.3000 will have to cross February 13 top near 1.3070 before attacking March month’s peak of 1.3200. GBP/USD hourly 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 EUR/USD Price Analysis: Stuck at 12-year long trendline hurdle FX Street 3 years GBP/USD recedes from the highest since March 10. Break of two-day-old support line, MACD/RSI conditions push the sellers to take the risk. 1.2775/80 becomes the key support, bulls may aim for mid-February highs beyond 1.3000. GBP/USD eases to 1.2980 during Thursday’s Asian session. In doing so, the Cable takes a U-turn from the highest since the early March while cheering the break of the immediate support line. Also suggesting further pullback is the bearish MACD signal and downward sloping RSI. Hence, Tuesday’s high around 1.2940 gains the traders’ immediate attention ahead of an ascending support line from July 23, at… 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.
