Back-to-back Doji candlesticks portray GBP/USD traders’ indecision. Bearish MACD, gradual weakness keeps sellers hopeful. With the consecutive two Doji formations of the GBP/USD pair’s daily chart, the quote portrays traders’ indecision while taking rounds to 1.2850 amid Thursday’s Asian session. Bearish signals from 12-bar Moving Average Convergence and Divergence (MACD), failure to cross 21-day Simple Moving Average (SMA) and a gradual downpour since October 21 favors the sellers. However, the quote declines below 23.6% Fibonacci retracement of September-October upside, at 1.2765, become necessary to aim for 1.2700 and September month high near 1.2580. Alternatively, pair’s upside clearance of 21-day SMA, at 1.2877 now, can propel prices to monthly top surrounding 1.2975 whereas 1.3000 and the October month high around 1.3015 could question bulls afterward. GBP/USD daily 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 WTI: Upside stalls near $ 57.50 on fresh US-China trade jitters FX Street 3 years Back-to-back Doji candlesticks portray GBP/USD traders' indecision. Bearish MACD, gradual weakness keeps sellers hopeful. With the consecutive two Doji formations of the GBP/USD pair's daily chart, the quote portrays traders' indecision while taking rounds to 1.2850 amid Thursday's Asian session. Bearish signals from 12-bar Moving Average Convergence and Divergence (MACD), failure to cross 21-day Simple Moving Average (SMA) and a gradual downpour since October 21 favors the sellers. However, the quote declines below 23.6% Fibonacci retracement of September-October upside, at 1.2765, become necessary to aim for 1.2700 and September month high near 1.2580. Alternatively, pair's upside clearance of 21-day SMA,… 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.
