GBP/USD is on track to end the week below the 1.2200 figure. The level to beat for bears is the 1.2150 support. GBP/USD daily chart GBP/USD is trading below its main SMAs on the daily chart suggesting a bearish bias as the market is on track to a three-day losing streak. GBP/USD four-hour chart GBP/USD is trading below the main SMAs on the four-hour chart suggesting a bearish bias in the medium-term. As the market is printing lower lows and lower highs the bears should remain in control with a potential break below the 1.2150 support en route towards the 1.2100 and 1.1950 levels. On the other hand, occasional bullish attempts should find resistance near the 1.2300 and 1.2400 levels initially. Resistance: 1.2300, 1.2400, 1.2500 Support: 1.2200, 1.2100, 1.1955 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 Canada: Consumption tumbles in March, savings rate likely shot up – NFB FX Street 3 years GBP/USD is on track to end the week below the 1.2200 figure. The level to beat for bears is the 1.2150 support. GBP/USD daily chart GBP/USD is trading below its main SMAs on the daily chart suggesting a bearish bias as the market is on track to a three-day losing streak. GBP/USD four-hour chart GBP/USD is trading below the main SMAs on the four-hour chart suggesting a bearish bias in the medium-term. As the market is printing lower lows and lower highs the bears should remain in control with a potential break below the 1.2150 support… 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.
