GBP/USD extends recovery gains from 1.3020 while snapping a two-day losing streak. Bearish MACD, one-week-old faling trend line doubts the pair’s further upside. 21-day EMA, a six-week-old support line add to the downside support. GBP/USD recovers from 10-day EMA while trading near 1.3057, up 0.18% on a day, during the early Thursday’s Asian session. The Cable’s latest bounce ignores bearish MACD signals while aiming for a short-term resistance line. However, the pair’s further upside beyond the said trend line resistance, at 1.3100 now, will need a strong push before attacking the monthly top around 1.3185 and March month’s peak surrounding 1.3200. In a case where the bulls dominate past-1.3200, December 31, 2019 high close to 1.3285 can return to the chart. Meanwhile, a downside break of 10-day EMA level of 1.3035 won’t call the bears immediately as 21-day EMA and an ascending trend line from June 30, respectively around 1.2935 and 1.2850, can still trigger the pair’s bounce. 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 New Zealand health chief says 36 active cases in total FX Street 2 years GBP/USD extends recovery gains from 1.3020 while snapping a two-day losing streak. Bearish MACD, one-week-old faling trend line doubts the pair’s further upside. 21-day EMA, a six-week-old support line add to the downside support. GBP/USD recovers from 10-day EMA while trading near 1.3057, up 0.18% on a day, during the early Thursday’s Asian session. The Cable’s latest bounce ignores bearish MACD signals while aiming for a short-term resistance line. However, the pair’s further upside beyond the said trend line resistance, at 1.3100 now, will need a strong push before attacking the monthly top around 1.3185 and March month’s peak surrounding… 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.
