GBP/USD is dropping sharply, now challenging the 1.2100 figure. The level to beat for bears is the 1.2086 support. GBP/USD is trading at its lowest since September 2019. GBP/USD daily chart GBP/USD is dropping like a stone in March 2020 as the market is nearing its lowest point since September 2019. Despite the Fed cutting 100bps, GBP/USD remains very weak. GBP/USD four-hour chart GBP/USD is under heavy selling pressure in six-month lows trading well below the main SMAs. The bears are in control and a break below the 1.2086 support can lead to further losses towards 1.1960 and 1.9000 figure, according to the Technical Confluences Indicator. Resistance is seen near the 1.2161, 1.2200 and 1.2300 levels. Resistance: 1.2161, 1.2200, 1.2300 Support: 1.2086, 1.1960, 1.1900 Additional key levels 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 EUR/USD drops to 3-week lows around 1.0980 FX Street 2 years GBP/USD is dropping sharply, now challenging the 1.2100 figure. The level to beat for bears is the 1.2086 support. GBP/USD is trading at its lowest since September 2019. GBP/USD daily chart GBP/USD is dropping like a stone in March 2020 as the market is nearing its lowest point since September 2019. Despite the Fed cutting 100bps, GBP/USD remains very weak. GBP/USD four-hour chart GBP/USD is under heavy selling pressure in six-month lows trading well below the main SMAs. The bears are in control and a break below the 1.2086 support can lead to further losses towards 1.1960… 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.
