GBP/USD remains positive near the highest since March 09. A sustained break of the yearly resistance line, bullish MACD favor the buyers. Overbought RSI could play its role if prices slip below 1.3020. GBP/USD takes the bids near 1.3100 during the early Friday morning in Asia. The Cable crossed a downward sloping trend line from December 31, 2019, the previous day. The same gains support from bullish MACD to challenge the March month’s top. Although 1.3200 is teasing the bulls, multiple upside barriers, comprising highs marked since 2019-end, could challenge the pair’s further upside below 1.3215. Should there be a clear run-up past-1.3215, December 31, 2019 top near 1.3285 holds the key to the pair’s further rise targeting 1.3515 level, the year 2019 peak. On the contrary, overbought RSI conditions push the traders to remain cautious if the GBP/USD prices slip below the resistance-turned-support of 1.3020. Though, sellers may wait for a confirmation below 1.3000 while targeting June month’s high of 1.2813. During the quote’s further weakness past-1.2813, a 200-day SMA level of 1.2706 could flash on the bears’ radars. 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 Altcoin Market Update Bitcoin Cash and ChainLink: BCH/USD retreats from $300-level FX Street 3 years GBP/USD remains positive near the highest since March 09. A sustained break of the yearly resistance line, bullish MACD favor the buyers. Overbought RSI could play its role if prices slip below 1.3020. GBP/USD takes the bids near 1.3100 during the early Friday morning in Asia. The Cable crossed a downward sloping trend line from December 31, 2019, the previous day. The same gains support from bullish MACD to challenge the March month’s top. Although 1.3200 is teasing the bulls, multiple upside barriers, comprising highs marked since 2019-end, could challenge the pair’s further upside below 1.3215. Should there be a… 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.
