GBP/USD eases from one-week high, trims the heaviest gains since December 01. Bearish MACD suggests further weakness, confluence of 10-day SMA, previous resistance line challenges downside. Bulls can eye monthly top before the mid-2018 levels. GBP/USD declines to the intraday low of 1.3436, down 0.08% on a day, during early Wednesday. Even so, the buyers remain positive as the current downside can be considered as a consolidation after a two-day run-up. While bearish MACD and failures to cross the December 09 high of 1.3478 indicates extra downside of the quote, a joint of 10-day SMA and a falling trend line from December 04, around 1.3375, will restrict any further weakness. If at all the 1.3375 support convergence fails to stop GBP/USD sellers, an upward sloping trend line from September 25, at 1.3157 now, will be in focus. Alternatively, an upside clearance of the one-week high near 1.3480 will attack the monthly peak surrounding 1.3540. During the GBP/USD rise past-1.3540, the 1.3600 and highs marked during May of 2018, around 1.3615, will be the key to follow. 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 NZD/CAD Price Analysis: Bulls testing bearish commitments at the POC FX Street 2 years GBP/USD eases from one-week high, trims the heaviest gains since December 01. Bearish MACD suggests further weakness, confluence of 10-day SMA, previous resistance line challenges downside. Bulls can eye monthly top before the mid-2018 levels. GBP/USD declines to the intraday low of 1.3436, down 0.08% on a day, during early Wednesday. Even so, the buyers remain positive as the current downside can be considered as a consolidation after a two-day run-up. While bearish MACD and failures to cross the December 09 high of 1.3478 indicates extra downside of the quote, a joint of 10-day SMA and a falling trend line… 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.
