GBP/USD falls short of carrying the previous pullback forward as key short-term MAs limit the upside. Bears await a break of 1.2100 to revisit 2017 low. Despite repeated failures to slip beneath 1.2100, GBP/USD remains under 50-hour moving average (HMA) as it makes the rounds to 1.2156 during early Thursday. While sustained trading below the key short-term moving average (MA) portrays the pair’s weakness, 1.2135 and latest low surrounding 1.2120 can offer intermediate halts prior to flashing 1.2100 on the chart. In a case bears dominate past-1.2100, the year 2017 low of 1.1987 could be on their radar. Alternatively, the pair’s break of 1.2171 HMA figure can trigger its recovery to 23.6% Fibonacci retracement level of .12224 whereas 1.2250 and 100-HMA level of 1.2268 can please buyers then after. GBP/USD hourly chart Trend: Bearish 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/AUD: Path of least resistance is to the downside, targetting 50% retracement FX Street 4 years GBP/USD falls short of carrying the previous pullback forward as key short-term MAs limit the upside. Bears await a break of 1.2100 to revisit 2017 low. Despite repeated failures to slip beneath 1.2100, GBP/USD remains under 50-hour moving average (HMA) as it makes the rounds to 1.2156 during early Thursday. While sustained trading below the key short-term moving average (MA) portrays the pair's weakness, 1.2135 and latest low surrounding 1.2120 can offer intermediate halts prior to flashing 1.2100 on the chart. In a case bears dominate past-1.2100, the year 2017 low of 1.1987 could be on their radar. Alternatively, the… 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.
