The GBP/USD pair closed below 1.2812 (76.4% Fib R of Aug low/Sept. high) yesterday, bolstering the already bearish setup: downward sloping 5-day and 10-day exponential moving averages (EMAs), RSI below 50.00. Over on the hourly chart, the positive RSI divergence confirmed on Friday failed to yield a notable corrective rally, which indicates the bearish sentiment is quite strong. Further, the falling trendline is still intact and the major EMAs (50,100, and 200) are sloping downwards, indicating the path of least resistance is on the downside. The GBP/USD risks falling further toward 1.2750. A break above1.2858 – the confluence of falling trendline and the 50-hour EMA – would invalidate the bearish setup. Hourly Chart Trend: Bearish GBP/USD Overview: Last Price: 1.2804 Daily change: 11 pips Daily change: 0.0860% Daily Open: 1.2793 Trends: Daily SMA20: 1.3034 Daily SMA50: 1.3022 Daily SMA100: 1.306 Daily SMA200: 1.3453 Levels: Daily High: 1.2854 Daily Low: 1.2792 Weekly High: 1.3092 Weekly Low: 1.2777 Monthly High: 1.33 Monthly Low: 1.2786 Daily Fibonacci 38.2%: 1.2816 Daily Fibonacci 61.8%: 1.2831 Daily Pivot Point S1: 1.2772 Daily Pivot Point S2: 1.2751 Daily Pivot Point S3: 1.2709 Daily Pivot Point R1: 1.2834 Daily Pivot Point R2: 1.2876 Daily Pivot Point R3: 1.2897 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 China’s securities regulators to encourage share buybacks, enhance liquidity – Reuters News FX Street 4 years The GBP/USD pair closed below 1.2812 (76.4% Fib R of Aug low/Sept. high) yesterday, bolstering the already bearish setup: downward sloping 5-day and 10-day exponential moving averages (EMAs), RSI below 50.00. Over on the hourly chart, the positive RSI divergence confirmed on Friday failed to yield a notable corrective rally, which indicates the bearish sentiment is quite strong. Further, the falling trendline is still intact and the major EMAs (50,100, and 200) are sloping downwards, indicating the path of least resistance is on the downside. The GBP/USD risks falling further toward 1.2750. A break above1.2858 - the confluence of falling… 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.
