GBP/USD consolidates from a multi-month high, still beyond the key 61.8% Fibonacci retracement. Sustained trading above 200-day SMA, bullish MACD favors another confrontation to 1.3000 mark. With the prices successfully trading beyond 200-day Simple Moving Average (SMA) and 61.8% Fibonacci retracement of March-September declines, GBP/USD traders are less worried about the latest pullback to 1.2870 by the press time of Friday’s Asian session. The buyers keep targeting 1.3000 round-figure while taking positive clues from the 12-bar Moving Average Convergence and Divergence (MACD) indicator whereas sellers await a downside break of 61.8% Fibonacci retracement level of 1.2840 to revisit 200-day SMA, at 1.2715 now. However, pair’s declines below 200-day SMA will recall bears aiming September month high near 1.2580. On the contrary, an upside beyond 1.3000 could well place optimists to question May’s top of 1.3178. GBP/USD daily chart Trend: bullish 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 WTI: Higher than expected EIA data, receding geopolitical tension cap earlier recovery FX Street 4 years GBP/USD consolidates from a multi-month high, still beyond the key 61.8% Fibonacci retracement. Sustained trading above 200-day SMA, bullish MACD favors another confrontation to 1.3000 mark. With the prices successfully trading beyond 200-day Simple Moving Average (SMA) and 61.8% Fibonacci retracement of March-September declines, GBP/USD traders are less worried about the latest pullback to 1.2870 by the press time of Friday's Asian session. The buyers keep targeting 1.3000 round-figure while taking positive clues from the 12-bar Moving Average Convergence and Divergence (MACD) indicator whereas sellers await a downside break of 61.8% Fibonacci retracement level of 1.2840 to revisit 200-day SMA,… 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.
