GBP/USD has moved out of the descending broadening channel, as seen on the hourly chart, and the upside is currently being capped by the 50-hour moving average. Hourly chart The upside break of the falling channel is backed by the RSI’s move into bullish territory above 50. As a result, the spot could soon find acceptance above the 50-hour moving average (MA), currently at 1.2991, and could rise to the hourly chart resistance at 1.3029. The bullish case would weaken if the 50-hour MA, which is now flat lined (has shed bearish bias), proves a tough nut to crack. Trend: Cautiously bullish Pivot points 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 NZ: Annual GDP growth likely to slow to 2% in Q2 2019 – ANZ FX Street 4 years GBP/USD has moved out of the descending broadening channel, as seen on the hourly chart, and the upside is currently being capped by the 50-hour moving average. Hourly chart The upside break of the falling channel is backed by the RSI's move into bullish territory above 50. As a result, the spot could soon find acceptance above the 50-hour moving average (MA), currently at 1.2991, and could rise to the hourly chart resistance at 1.3029. The bullish case would weaken if the 50-hour MA, which is now flat lined (has shed bearish bias), proves a tough nut to crack. Trend:… 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.
