GBP/USD eases from intraday top while reversing pullback from 1.3045. Failures to confirm a bullish chart pattern highlights 1.3010/3000 support-confluence. A clear break beyond 1.3130 becomes necessary to recall the buyers. GBP/USD drops to 1.3062, down 0.05% on a day, during Friday’s Asian session. The pair recently took a U-turn from the intraday top near 1.3075 while defying the previous recoveries from 1.3045. Even so, the pair stays inside a short-term descending triangle formation. Despite the pair’s latest weakness, bullish MACD stops the bears’ entries unless the quote declines below 1.3010/3000 region comprising 100-bar SMA and the triangle’s support. Following that, 1.2900 and July 28 low near 1.2838 can entertain sellers ahead of diverting them to July 21 top of 1.2767. Meanwhile, the triangle’s resistance around 1.3085 offers an immediate upside barrier to the pair before the weekly top around 1.3130. If bulls manage to dominate past-1.3130, the monthly high around 1.3185 and March month’s peak surrounding 1.3200 will regain market attention. GBP/USD four-hour chart Trend: Sideways 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 PBOC sets yuan reference rate at 6.9405 FX Street 2 years GBP/USD eases from intraday top while reversing pullback from 1.3045. Failures to confirm a bullish chart pattern highlights 1.3010/3000 support-confluence. A clear break beyond 1.3130 becomes necessary to recall the buyers. GBP/USD drops to 1.3062, down 0.05% on a day, during Friday's Asian session. The pair recently took a U-turn from the intraday top near 1.3075 while defying the previous recoveries from 1.3045. Even so, the pair stays inside a short-term descending triangle formation. Despite the pair’s latest weakness, bullish MACD stops the bears’ entries unless the quote declines below 1.3010/3000 region comprising 100-bar SMA and the triangle’s support. Following… 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.
