GBP/USD is flat trading at 1.2272 with Thursday’s four-hour chart painting a mixed picture, Yohay Elam, an analyst at FXStreet, reports. Key quotes “GBP/USD has dropped below the 100 Simple Moving Average on the four-hour chart and also trades below the 200 SMA. However, it is holding above the 50 SMA and enjoys upside momentum.” “Resistance awaits at 1.2275, the daily high, followed by 1.2335, a stepping stone on the way down in mid-May.” “Support awaits at 1.2205, Thursday’s swing low, followed by 1.2160, the weekly trough.” 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 JPY/CNH: Looking for the 6.70 handle to turn short in the cross – ANZ FX Street 3 years GBP/USD is flat trading at 1.2272 with Thursday's four-hour chart painting a mixed picture, Yohay Elam, an analyst at FXStreet, reports. Key quotes “GBP/USD has dropped below the 100 Simple Moving Average on the four-hour chart and also trades below the 200 SMA. However, it is holding above the 50 SMA and enjoys upside momentum.” “Resistance awaits at 1.2275, the daily high, followed by 1.2335, a stepping stone on the way down in mid-May.” “Support awaits at 1.2205, Thursday's swing low, followed by 1.2160, the weekly trough.” 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.
