“¢ The selling pressure remains unabated after today’s disappointing UK monthly retail sales data, with bears dragging the pair to fresh ten-month lows. “¢ Weakness below the key 1.30 psychological mark, for the first time since Sept. 2017, points to an extension of the bearish trajectory. “¢ With technical indicators drifting into oversold territory, the downfall could take a brief pause near a short-term descending trend-channel support. GBP/USD 4-hourly chart Spot rate: Daily High: 1.3083 Trend: Bearish Resistance R1: 1.3020 (horizontal zone) R2: 1.3083 (current day swing high) R3: 1.3100 (round figure mark) Support S1: 1.2960 (descending trend-channel support) S2: 1.2935 (horizontal level) S3: 1.2902 (S3 daily pivot-point) 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 GBP/USD drops below 1.3000 on UK Retail Sales FX Street 5 years "¢ The selling pressure remains unabated after today's disappointing UK monthly retail sales data, with bears dragging the pair to fresh ten-month lows. "¢ Weakness below the key 1.30 psychological mark, for the first time since Sept. 2017, points to an extension of the bearish trajectory. "¢ With technical indicators drifting into oversold territory, the downfall could take a brief pause near a short-term descending trend-channel support. GBP/USD 4-hourly chart Spot rate: Daily High: 1.3083 Trend: Bearish Resistance R1: 1.3020 (horizontal zone) R2: 1.3083 (current day swing high) R3: 1.3100 (round figure… 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.
