GBP/USD pullback from multi-month high amid downbeat signals from RSI, MACD. The four-day-old rising trend-line, 50-bar SMA question immediate declines. With the short-term rising trend-line and Simple Moving Average (SMA) confronting bearish oscillators, GBP/USD takes the rounds to 1.2850 ahead of the London open on Friday. Not only overbought conditions of the 14-bar Relative Strength Index (RSI) but a bearish sign from 12-bar Moving Average Convergence and Divergence (MACD) also favors sellers. However, a downside break of 1.2805 becomes necessary for bears to target September high nearing 1.2583 and 50-bar Simple Moving Average (SMA) level of 1.2553. In the absence of a downturn below immediate supports, prices can keep 1.3000 on the radar whereas May’s top of 1.3178 could become the next landmark for buyers. GBP/USD 4-hour 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 Cryptocurrency market occupied by bears, over $3 billion wiped out in a matter of minutes FX Street 3 years GBP/USD pullback from multi-month high amid downbeat signals from RSI, MACD. The four-day-old rising trend-line, 50-bar SMA question immediate declines. With the short-term rising trend-line and Simple Moving Average (SMA) confronting bearish oscillators, GBP/USD takes the rounds to 1.2850 ahead of the London open on Friday. Not only overbought conditions of the 14-bar Relative Strength Index (RSI) but a bearish sign from 12-bar Moving Average Convergence and Divergence (MACD) also favors sellers. However, a downside break of 1.2805 becomes necessary for bears to target September high nearing 1.2583 and 50-bar Simple Moving Average (SMA) level of 1.2553. In the absence… 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.
