GBP/USD jumped to 1.3149 in Asia – the highest level since Jan. 31 – bolstering the bullish setup seen on the 4-hour chart. As a result, the pair could rise further toward 1.3180-1.32 in the next 24 hours. 4-hour chart The path of least resistance is to the higher side, as indicated by the falling channel breakout and flag breakout seen in the above chart. Supporting that bullish case are the ascending 5- and 10-week moving averages (MAs) and an above 50-reading on the relative strength index. The 50-candle MA has also moved back above the 200-candle MA, confirming a bullish move. Trend: Bullish 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 EUR/JPY Technical Analysis: Pullback from channel resistance highlights 125.50 support FX Street 4 years GBP/USD jumped to 1.3149 in Asia - the highest level since Jan. 31 - bolstering the bullish setup seen on the 4-hour chart. As a result, the pair could rise further toward 1.3180-1.32 in the next 24 hours. 4-hour chart The path of least resistance is to the higher side, as indicated by the falling channel breakout and flag breakout seen in the above chart. Supporting that bullish case are the ascending 5- and 10-week moving averages (MAs) and an above 50-reading on the relative strength index. The 50-candle MA has also moved back above the 200-candle… 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.
