GBP/USD snaps two-day winning streak. The early-week top, 100-HMA act as immediate supports, 61.8% Fibonacci retracement adds to the resistance. With the failures to cross 200-HMA amid overbought RSI conditions, GBP/USD declines to 1.2865 during the early Thursday’s trading. The pair is currently expected to stretch the pullback towards Monday’s high surrounding 1.2850 whereas 100-Hour Moving Average (HMA) near 1.2815 could question the quote’s further downside. During the Cable’s weakness past-1.2815, an ascending trend line from Friday, at 1.2780 now, will be the key to watch. Meanwhile, a sustained break of 200-HMA level of 1.2880 propels the GBP/USD prices towards 61.8% Fibonacci retracement of February 25-28 declines, at 1.2907. Additionally, buyers can target 1.2945/50 and 1.3000 in a case if they manage to ignore overbought RSI conditions beyond 1.2907. GBP/USD hourly chart Trend: Pullback expected 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 USD/JPY stabilizing as accumulation builds in 107.50s FX Street 2 years GBP/USD snaps two-day winning streak. The early-week top, 100-HMA act as immediate supports, 61.8% Fibonacci retracement adds to the resistance. With the failures to cross 200-HMA amid overbought RSI conditions, GBP/USD declines to 1.2865 during the early Thursday’s trading. The pair is currently expected to stretch the pullback towards Monday’s high surrounding 1.2850 whereas 100-Hour Moving Average (HMA) near 1.2815 could question the quote’s further downside. During the Cable’s weakness past-1.2815, an ascending trend line from Friday, at 1.2780 now, will be the key to watch. Meanwhile, a sustained break of 200-HMA level of 1.2880 propels the GBP/USD prices towards… 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.
