“¢ The pair met with some fresh supply at the start of a new trading week and traded with a negative bias through the mid-European session, eroding a part of Friday’s upsurge to one-month tops. “¢ Slightly overbought conditions on hourly charts seemed to be the only factor prompting some long-unwinding trade amid the prevalent risk-off mood, triggered by renewed US-China trade tensions. “¢ The pair now seems to have found some support near the 1.3100 confluence region – comprising of 50-day SMA and 23.6% Fibonacci retracement level of the 1.2866-1.3177 recent positive move. “¢ With oscillators on the daily chart still holding in the bullish territory, any subsequent dips might still be seen as a buying opportunity and hence, limit the downside near the 1.3060-50 support. 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 NEO on a new path: Announces roadmap and NEO 3.0 new features FX Street 3 years "¢ The pair met with some fresh supply at the start of a new trading week and traded with a negative bias through the mid-European session, eroding a part of Friday's upsurge to one-month tops. "¢ Slightly overbought conditions on hourly charts seemed to be the only factor prompting some long-unwinding trade amid the prevalent risk-off mood, triggered by renewed US-China trade tensions. "¢ The pair now seems to have found some support near the 1.3100 confluence region - comprising of 50-day SMA and 23.6% Fibonacci retracement level of the 1.2866-1.3177 recent positive… 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.
