GBP/USD takes U-turn from two-month-old falling trend-line. 1.2200/2195 becomes nearby support-confluence to watch. 50-day EMA, 1.2385 can please buyers during the fresh rise. GBP/USD fails to hold its earlier run-up to three-week high and is presently declining to 1.2230 while heading into the London open on Friday. The 21-day exponential moving average (EMA) and 23.6% Fibonacci retracement of June-August downside, near 1.2200/2195, grabs immediate attention of sellers as it holds the key to the quote’s slump to 1.2100. If at all sellers refrain from stepping back around 1.2100, 1.2050 and monthly low near 1.2015 could become their favorites. It should also be noted that the year 2017 bottom of 1.1987 and 2016 trough of 1.1806 could come back to charts if bears dominate past-1.2015. GBP/USD daily chart Trend: Bearish 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 GBP Futures: scope for further upside FX Street 4 years GBP/USD takes U-turn from two-month-old falling trend-line. 1.2200/2195 becomes nearby support-confluence to watch. 50-day EMA, 1.2385 can please buyers during the fresh rise. GBP/USD fails to hold its earlier run-up to three-week high and is presently declining to 1.2230 while heading into the London open on Friday. The 21-day exponential moving average (EMA) and 23.6% Fibonacci retracement of June-August downside, near 1.2200/2195, grabs immediate attention of sellers as it holds the key to the quote's slump to 1.2100. If at all sellers refrain from stepping back around 1.2100, 1.2050 and monthly low near 1.2015 could become their favorites. It should… 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.
