GBP/USD seesaws inside a choppy range between 10 and 21-DMA. MACD flashes bullish signal. Despite reversing from the 21-day simple moving average (DMA), GBP/USD remains above 10-DMA as it trades near 1.2134 during Asian session on Thursday. Supporting the pair’s upside is a bullish signal by 12-bar moving average convergence and divergence (MACD). However, a sustained break of 1.2156 comprising 21-DMA becomes necessary to lure buyers. During the pair’s advances past-1.2156, 23.6% Fibonacci retracement level of June-August downpour, at 1.2195, and a downward sloping trend-line since late-June near 1.2280 can please the bulls. Meanwhile, a daily closing below 10-DMA level of 1.2100 highlights the importance of 1.2050 and 1.2015 supports, a break of which can drag prices to further down below 1.2000 round-figure. 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 Japan’s Motegi: Trade talks with the US might reach an early achievement FX Street 4 years GBP/USD seesaws inside a choppy range between 10 and 21-DMA. MACD flashes bullish signal. Despite reversing from the 21-day simple moving average (DMA), GBP/USD remains above 10-DMA as it trades near 1.2134 during Asian session on Thursday. Supporting the pair's upside is a bullish signal by 12-bar moving average convergence and divergence (MACD). However, a sustained break of 1.2156 comprising 21-DMA becomes necessary to lure buyers. During the pair's advances past-1.2156, 23.6% Fibonacci retracement level of June-August downpour, at 1.2195, and a downward sloping trend-line since late-June near 1.2280 can please the bulls. Meanwhile, a daily closing below 10-DMA level… 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.
