GBP/USD is currently trading at 1.2365 – just short of the downward sloping (bearish) 5-day moving average (MA) at 1.2940, which proved a tough nut to crack in the previous two trading days. Daily chart As seen above, the 5- and 10-day MAs are trending south, having produced a bearish crossover on Feb. 4. That bearish view would gain credence if the 5-day MA again reverses gains, leading to a deeper drop to 1.2842 (50-day MA). A close above the 10-day MA would invalidate the bearish setup. Trend: Bearish GBP/USD Overview: Today Last Price: 1.2936 Today Daily change: 1 pip Today Daily change %: 0.01% Today Daily Open: 1.2935 Trends: Daily SMA20: 1.3002 Daily SMA50: 1.2812 Daily SMA100: 1.2891 Daily SMA200: 1.3024 Levels: Previous Daily High: 1.2976 Previous Daily Low: 1.2921 Previous Weekly High: 1.3103 Previous Weekly Low: 1.2854 Previous Monthly High: 1.3214 Previous Monthly Low: 1.2438 Daily Fibonacci 38.2%: 1.2942 Daily Fibonacci 61.8%: 1.2955 Daily Pivot Point S1: 1.2912 Daily Pivot Point S2: 1.2889 Daily Pivot Point S3: 1.2856 Daily Pivot Point R1: 1.2967 Daily Pivot Point R2: 1.3 Daily Pivot Point R3: 1.3023 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 JPY futures: further upside appears limited FX Street 4 years GBP/USD is currently trading at 1.2365 - just short of the downward sloping (bearish) 5-day moving average (MA) at 1.2940, which proved a tough nut to crack in the previous two trading days. Daily chart As seen above, the 5- and 10-day MAs are trending south, having produced a bearish crossover on Feb. 4. That bearish view would gain credence if the 5-day MA again reverses gains, leading to a deeper drop to 1.2842 (50-day MA). A close above the 10-day MA would invalidate the bearish setup. Trend: Bearish GBP/USD Overview: Today Last Price:… 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.
