GBP/USD is under pressure near the 1.2200 handle. Brexit: Three scenarios and GBP/USD price targets as B-Day approaches. GBP/USD daily chart On the daily chart, the Pound is trading in a downtrend below the main daily simple moving averages (DSMAs). The Sterling is weak as pessimism on pessimism over Brexit. GBP/USD four-hour chart GBP/USD is under bearish pressure below its main SMAs on the four-hour chart. The spot is challenging the 1.2224/20 support zone. A breakdown below this level could expose the currency pair to further losses towards the 1.2114 price level, according to the Technical Confluences Indicator. GBP/USD 30-minute The Sterling is trading below its main SMAs, suggesting a downward bias in the short term. Immediate resistances are seen at 1.2253, 1.2276 and 1.2305 price levels, according to the Technical Confluences Indicator. 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 UK firm Bottle Pay raises USD 2 million to develop an app that lets you send money using social media FX Street 3 years GBP/USD is under pressure near the 1.2200 handle. Brexit: Three scenarios and GBP/USD price targets as B-Day approaches. GBP/USD daily chart On the daily chart, the Pound is trading in a downtrend below the main daily simple moving averages (DSMAs). The Sterling is weak as pessimism on pessimism over Brexit. GBP/USD four-hour chart GBP/USD is under bearish pressure below its main SMAs on the four-hour chart. The spot is challenging the 1.2224/20 support zone. A breakdown below this level could expose the currency pair to further losses towards the 1.2114 price level, according to… 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.
