Pound/dollar Tuesday’s four-hour chart is pointing to further losses as bears are in the lead, according to FXStreet’s analyst Yohay Elam. Key quotes “GBP/USD is experiencing downside momentum on the four-hour chart and trades below the 50 and 200 Simple Moving Averages. However, it is still holding above the 100 SMA.” “Support awaits at 1.205, which provided support on Friday. The next level to watch is 1.2140, which was a cushion in late March.” “Resistance is at 1.2330, which capped cable on Monday. Further above, substantial resistance is at 1.2390, a stubborn cap from last week.” 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 Oil: The market is hopeful of some sort of agreement – ANZ FX Street 2 years Pound/dollar Tuesday's four-hour chart is pointing to further losses as bears are in the lead, according to FXStreet’s analyst Yohay Elam. Key quotes “GBP/USD is experiencing downside momentum on the four-hour chart and trades below the 50 and 200 Simple Moving Averages. However, it is still holding above the 100 SMA.” “Support awaits at 1.205, which provided support on Friday. The next level to watch is 1.2140, which was a cushion in late March.” “Resistance is at 1.2330, which capped cable on Monday. Further above, substantial resistance is at 1.2390, a stubborn cap from last week.” Top 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.
