GBP/USD keeps the previous day’s recovery moves to refresh intraday high. A descending trend line from last Thursday guards nearby upside. An eight-week-old rising support line becomes the key. GBP/USD picks the bids near 1.3535, up 0.27% intraday, during Wednesday’s Asian session. In doing so, the cable stretches the U-turn from 21-day SMA as buyers attack a falling trend line from December 24. Considering upbeat RSI conditions, as well as successful trading above 21-day SMA and an upward sloping trend line from November 02, GBP/USD bulls are set to challenge the monthly peak surrounding 1.3620. However, the stated resistance line near 1.3535 and the 1.3600 round-figure can offer intermediate halts during the rise. Should sterling buyers keep the reins past-1.3620, March 2018 low around 1.3710 will be the key. On the flip side, the 1.3500 threshold can offer immediate support ahead of the 21-day SMA, currently around 1.3430. Though, GBP/USD bears are less likely to intervene unless witnessing a daily close below the multi-day-old support line, at 1.3255 now. GBP/USD daily 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 Ethereum price on the verge of a 25% breakout as selling pressure diminishes FX Street 1 year GBP/USD keeps the previous day’s recovery moves to refresh intraday high. A descending trend line from last Thursday guards nearby upside. An eight-week-old rising support line becomes the key. GBP/USD picks the bids near 1.3535, up 0.27% intraday, during Wednesday’s Asian session. In doing so, the cable stretches the U-turn from 21-day SMA as buyers attack a falling trend line from December 24. Considering upbeat RSI conditions, as well as successful trading above 21-day SMA and an upward sloping trend line from November 02, GBP/USD bulls are set to challenge the monthly peak surrounding 1.3620. However, the stated resistance line… 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.
