GBP/USD prints mild losses while extending pullback from one-week-old resistance line. 200-bar SMA adds to the downside filters, 1.4000 offers extra resistance. GBP/USD teases intraday low of 1.3921, currently down 0.14% around 1.3932, during Thursday’s Asian session. In doing so, the cable stretches the pullback from a one-week-old resistance line as MACD recedes bullish bias. The quote currently declines towards the 1.3900 threshold but any further weakness needs to break an ascending support line from February 17, at 1.3865 now, to again challenge the 200-bar SMA level of 1.3820. In a case where the GBP/USD prices remain depressed below 1.3820, the previous monthly low near 1.3565 should return to the charts. Meanwhile, an upside break of the immediate resistance line, currently around 1.3980, needs to get validation from the 1.4000 round-figures before recalling the GBP/USD buyers. The resulted upside past-1.4000 will eye for the multi-month peak marked in February around 1.4245. GBP/USD four-hour chart Trend: Further weakness expected  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 Gold Price Analysis: Bears looking to test bull’s commitments at $1,698 FX Street 1 year GBP/USD prints mild losses while extending pullback from one-week-old resistance line. 200-bar SMA adds to the downside filters, 1.4000 offers extra resistance. GBP/USD teases intraday low of 1.3921, currently down 0.14% around 1.3932, during Thursday's Asian session. In doing so, the cable stretches the pullback from a one-week-old resistance line as MACD recedes bullish bias. The quote currently declines towards the 1.3900 threshold but any further weakness needs to break an ascending support line from February 17, at 1.3865 now, to again challenge the 200-bar SMA level of 1.3820. In a case where the GBP/USD prices remain depressed below 1.3820,… 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.
