GBP/USD refrains from declining below 21-day EMA. 23.6% Fibonacci retracement of May-August declines limit short-term advances. GBP/USD struggles between 23.6% Fibonacci retracement of its three-month-old downpour and 21-day exponential moving average (EMA) as it trades near 1.2225 ahead of the UK open on Tuesday. While pair’s failure to extend two-week long recovery beyond immediate resistance increases the odds of its south-run, 21-day EMA and a fortnight old rising trend-line question sellers. In doing so, 1.2207 and 1.2100 acts as nearby supports ahead of monthly bottom surrounding 1.2015. If the pair manages to cross 1.2290 resistance level, including 23.6% Fibonacci retracement, July 17 low near 1.2382 and 38.2% Fibonacci retracement around 1.2460 might as well lure buyers. 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 Door open for extra rate cuts by the Fed – UOB FX Street 4 years GBP/USD refrains from declining below 21-day EMA. 23.6% Fibonacci retracement of May-August declines limit short-term advances. GBP/USD struggles between 23.6% Fibonacci retracement of its three-month-old downpour and 21-day exponential moving average (EMA) as it trades near 1.2225 ahead of the UK open on Tuesday. While pair's failure to extend two-week long recovery beyond immediate resistance increases the odds of its south-run, 21-day EMA and a fortnight old rising trend-line question sellers. In doing so, 1.2207 and 1.2100 acts as nearby supports ahead of monthly bottom surrounding 1.2015. If the pair manages to cross 1.2290 resistance level, including 23.6% Fibonacci retracement,… 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.
