GBP/USD picks up bids to keep the bulls hopeful above the short-term key moving average. Bullish MACD signals also back the odds to witness fresh high since May 2018. Monthly low holds the key to bears’ entry. GBP/USD rises to 1.3688, up 0.06% intraday, during Monday’s Asian session. In doing so, the cable keeps Friday’s U-turn from 200-hour moving average (HMA) amid the bullish MACD. With this, GBP/USD is up for breaking the 1.3700 immediate hurdle whereas Thursday’s high, also the highest since May 2018, around 1.3750, will lure the buyers afterward. During the quote’s sustained rise past-1.3750, April 2018 low near 1.3965 will be the key for GBP/USD bulls. On the flip side, a clear break below 200-HMA, at 1.3650 now, needs validation from 61.8% Fibonacci retracement of January 18-21 upside, near 1.3600, to recall GBP/USD sellers. Following that, 1.3520 and the monthly low near 1.3450 should gain the market’s attention. Overall, GBP/USD is an uptrend towards the early 2018 highs and the latest bounce off the key moving average strengthens the upside expectations. 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 EUR./USD Price Analysis: Probing key Fibonacci retracement hurdle FX Street 1 year GBP/USD picks up bids to keep the bulls hopeful above the short-term key moving average. Bullish MACD signals also back the odds to witness fresh high since May 2018. Monthly low holds the key to bears’ entry. GBP/USD rises to 1.3688, up 0.06% intraday, during Monday’s Asian session. In doing so, the cable keeps Friday’s U-turn from 200-hour moving average (HMA) amid the bullish MACD. With this, GBP/USD is up for breaking the 1.3700 immediate hurdle whereas Thursday’s high, also the highest since May 2018, around 1.3750, will lure the buyers afterward. During the quote’s sustained rise past-1.3750, April 2018… 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.
