GBP/USD nears three-week top, recently bounced off 1.2600. A successful trading above the key EMA enables the quote to confront a three-month-old horizontal resistance. 61.8% Fibonacci retracement adds to the downside support. GBP/USD remains on the front foot around 1.2613 during the early Asian session on Thursday. In doing so, the Cable keeps the previous day’s break above 200-day EMA. As a result, the bulls are targeting a horizontal area comprising multiple highs marked since April 14. Other than the 1.2645/55 immediate resistance region, the early-June top of 1.2730 and 1.2800 round-figure may act as buffers ahead of the June 10 peak of 1.2813. It’s worth mentioning that the pair’s rise past-1.2813 could aim for 1.3000 psychological magnet before refreshing the yearly top beyond 1.3200. Meanwhile, a daily close below 200-day EMA level of 1.2590 could drag the quote to 61.8% of Fibonacci retracement of March month’s fall near 1.2515. Also acting as the near-term key supports will be July 03 bottom near 1.2440 and June 22 low surrounding 1.2330. 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 Top 3 Coins Price Prediction Bitcoin, Ethereum and Ripple: ETH/USD and XRP/USD lack resistance levels-Confluence Detector FX Street 3 years GBP/USD nears three-week top, recently bounced off 1.2600. A successful trading above the key EMA enables the quote to confront a three-month-old horizontal resistance. 61.8% Fibonacci retracement adds to the downside support. GBP/USD remains on the front foot around 1.2613 during the early Asian session on Thursday. In doing so, the Cable keeps the previous day’s break above 200-day EMA. As a result, the bulls are targeting a horizontal area comprising multiple highs marked since April 14. Other than the 1.2645/55 immediate resistance region, the early-June top of 1.2730 and 1.2800 round-figure may act as buffers ahead of the June… 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.
