GBP/USD seesaws inside a four-day-old descending triangle. Buyers await a break of resistance-line to rely on the bullish MACD. Ever since the late-trading session in the United States (US), the GBP/USD pair has been trading in a choppy range between 1.2905 and 1.2925 with a four-day-old falling triangle restrict pair’s near-term moves. The quote seesaws near 1.2915/20 by the press time of pre-London open on Thursday. The pair nears resistance line of the mentioned triangle, around 1.2925, with bullish signals from 12-bar Moving Average Convergence and Divergence (MACD) pushing buyers to anticipate an upside break. That said, 1.2960 and 1.3015 could immediately please the bulls during the breakout while May highs close to 1.3180 will be on the charts then after. On the downside, the pattern’s support around 1.2835 could restrict pair’s declines to 1.2750/45 and then to 1.2700 round-figure. In a case where bears dominate below 1.2700, 1.2650 and 1.2515 will become their favorites. GBP/USD hourly chart Trend: sideways 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 Forex Today: Brexit in the EU’s hands, EUR/USD may struggle with Draghi one last time, Bitcoin battered FX Street 3 years GBP/USD seesaws inside a four-day-old descending triangle. Buyers await a break of resistance-line to rely on the bullish MACD. Ever since the late-trading session in the United States (US), the GBP/USD pair has been trading in a choppy range between 1.2905 and 1.2925 with a four-day-old falling triangle restrict pair's near-term moves. The quote seesaws near 1.2915/20 by the press time of pre-London open on Thursday. The pair nears resistance line of the mentioned triangle, around 1.2925, with bullish signals from 12-bar Moving Average Convergence and Divergence (MACD) pushing buyers to anticipate an upside break. That said, 1.2960 and 1.3015… 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.
