GBP/USD is approaching daily highs at 1.3183 as Thursday’s 4-hour chart is pointing to room for more gains, Yohay Elam, an analyst at FXStreet, reports. Key quotes “The Relative Strength Index on the 4-hour chart is still below 70 – outside overbought conditions and allowing bulls to squeeze more gains. Momentum remains positive and GBP/USD is holding above the 50, 100, and 200 Simple Moving Averages.” “Above the fresh high of 1.3183, the next barrier is 1.32 – March’s high. Further above, 1.3270 and 1.3320 are eyed.” “Support awaits at 1.3110, the daily low, followed by 1.3055, a stepping stone on the way up. Next, 1.2980 and 1.2905 are eyed.” 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 Bancor Price Forecast: BNT/USD blasts 23% into the sky, piercing $3.50 critical level FX Street 2 years GBP/USD is approaching daily highs at 1.3183 as Thursday's 4-hour chart is pointing to room for more gains, Yohay Elam, an analyst at FXStreet, reports. Key quotes “The Relative Strength Index on the 4-hour chart is still below 70 – outside overbought conditions and allowing bulls to squeeze more gains. Momentum remains positive and GBP/USD is holding above the 50, 100, and 200 Simple Moving Averages.” “Above the fresh high of 1.3183, the next barrier is 1.32 – March's high. Further above, 1.3270 and 1.3320 are eyed.” “Support awaits at 1.3110, the daily low, followed by 1.3055, a stepping stone… 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.
