GBP/USD remains under 21-day EMA, 38.2% Fibonacci retracement. A confluence of 200-day EMA, 50% Fibonacci retracement will be the key. GBP/USD clings to 1.3000 during Thursday’s Asian session. The pair failed to extend its recovery beyond 21-day EMA the previous day, not to forget its current stand under 38.2% Fibonacci retracement of October-December upside. With this, the quote is likely to remain under pressure towards a 100-day EMA level of 1.2925. However, pair’s further declines could challenge a support confluence around 1.2850 that includes 200-day EMA and 50% Fibonacci retracement. In a case where the bears dominate below 1.2850, November 2019 low near 1.2770 will be on their radars. On the upside break of the 21-day EMA level of 1.3055, short-term buyers could target 23.6% Fibonacci retracement, at 1.3200. Also, the pair’s sustained rise beyond 1.3200 will take aim at December 31, 2019 top of 1.3285 prior to targeting the December month’s high of 1.3516. GBP/USD daily 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 International Money Express (Intermex) partners with Ripple FX Street 2 years GBP/USD remains under 21-day EMA, 38.2% Fibonacci retracement. A confluence of 200-day EMA, 50% Fibonacci retracement will be the key. GBP/USD clings to 1.3000 during Thursday’s Asian session. The pair failed to extend its recovery beyond 21-day EMA the previous day, not to forget its current stand under 38.2% Fibonacci retracement of October-December upside. With this, the quote is likely to remain under pressure towards a 100-day EMA level of 1.2925. However, pair’s further declines could challenge a support confluence around 1.2850 that includes 200-day EMA and 50% Fibonacci retracement. In a case where the bears dominate below 1.2850, November… 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.
