GBP/USD is ending Monday near its daily low. The levels to beat for bears are seen at 1.2216, followed by 1.2197 support. GBP/USD daily chart GBP/USD is trading in a bear trend below the main daily simple moving averages (SMAs). This Monday the market is retreating below the 1.2300 figure. GBP/USD 4-hour chart The Cable is trading below a downward sloping 200 SMA suggesting bearish momentum in the medium term. Sellers need to break below 1.2216 to reach 1.2197, 1.2159 and 1.2121 support on the way down, according to the Technical Confluences Indicator. GBP/USD 30-minute chart GBP/USD is trading between the 100 and 200 SMAs, suggesting a consolidation in the short term. Resistances are seen at 1.2261, 1.2300 and the 1.2330 levels. 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 Cryptocurrencies price prediction: Bitcoin, Ethereum, Litecoin – 26 August FX Street 4 years GBP/USD is ending Monday near its daily low. The levels to beat for bears are seen at 1.2216, followed by 1.2197 support. GBP/USD daily chart GBP/USD is trading in a bear trend below the main daily simple moving averages (SMAs). This Monday the market is retreating below the 1.2300 figure. GBP/USD 4-hour chart The Cable is trading below a downward sloping 200 SMA suggesting bearish momentum in the medium term. Sellers need to break below 1.2216 to reach 1.2197, 1.2159 and 1.2121 support on the way down, according to the Technical Confluences Indicator. GBP/USD… 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.
