“¢ The pair failed to capitalize/build on Friday’s goodish up-move beyond the 1.3200 handle and came under some fresh selling pressure on the first trading day of the week. “¢ The intraday uptick faced rejection at 200-hour SMA, coinciding with Friday’s swing high, near the 1.3220 region, and might now act as a key pivotal point for short-term traders. “¢ Currently holding near an ascending trend-line support, neutral technical indicators on the 1-hourly chart have also failed to provide any firm intraday directional impetus. “¢ Hence, it would be prudent to wait for a sustained break below the mentioned trend-line or a decisive move beyond 200-hour SMA before confirming the pair’s intraday momentum. GBP/USD 1-hourly chart 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 UK PM May to hold MV3 tomorrow – ITV FX Street 4 years "¢ The pair failed to capitalize/build on Friday's goodish up-move beyond the 1.3200 handle and came under some fresh selling pressure on the first trading day of the week. "¢ The intraday uptick faced rejection at 200-hour SMA, coinciding with Friday's swing high, near the 1.3220 region, and might now act as a key pivotal point for short-term traders. "¢ Currently holding near an ascending trend-line support, neutral technical indicators on the 1-hourly chart have also failed to provide any firm intraday directional impetus. "¢ Hence, it would be prudent… 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.
