GBP/USD seesaws around the monthly top, maintains a two-day-old trading range. 50-HMA adds strength to the range support. 1.2500, 50-day SMA offer immediate resistance. Despite declining to 1.2457, GBP/USD stays inside a two-day-old trading range during the Asian session on Monday. In doing so, the cable pair seesaws around a one-month high flashed on Friday. However, bearish MACD and repeated failures to cross 1.2500 round-figure seem to keep the sellers hopeful. As a result, 1.2450/45 area including 50-HMA and the said range’s support, will be important to watch as a break of which could trigger fresh declines to 200-HMA level near 1.2365. Meanwhile, the pair’s upside clearance of 1.2485 immediate resistance enables the buyers to once again aim for 1.2500. Should there be a clear upside beyond 1.2500, the 50-day SMA level on the daily chart, close to 1.2575, will lure the bulls. GBP/USD hourly 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 EUR/USD Price Analysis: Rejected again at 1.0950 FX Street 2 years GBP/USD seesaws around the monthly top, maintains a two-day-old trading range. 50-HMA adds strength to the range support. 1.2500, 50-day SMA offer immediate resistance. Despite declining to 1.2457, GBP/USD stays inside a two-day-old trading range during the Asian session on Monday. In doing so, the cable pair seesaws around a one-month high flashed on Friday. However, bearish MACD and repeated failures to cross 1.2500 round-figure seem to keep the sellers hopeful. As a result, 1.2450/45 area including 50-HMA and the said range’s support, will be important to watch as a break of which could trigger fresh declines to 200-HMA level… 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.
