Short-term key resistances keep GBP/USD under pressure. 1.2080 holds the gate for pair’s drop towards 1.2000 round-figure. Repeated failures to rise beyond key short-term resistances keep GBP/USD moves under pressure while the pair takes the rounds to 1.2155 during the early Asian session on Monday. 100-hour exponential moving average (EMA) at 1.2178, followed by 23.6% Fibonacci retracement of the latest downpour from July 25 high near 1.2183, seems immediate upside barriers for pair traders to watch. Should prices manage to clear 1.2183, 38.2% Fibonacci retracement and 200-hour EMA, around 1.2247 and 1.2255 respectively, will flash on buyers’ radar. On the downside, 1.2120 and a two-day-old ascending trend-line at 1.2110 holds the gate for the pair’s plunge to latest low surrounding 1.2080. In a case where bears dominate past-1.2080, 1.2000 psychological magnet will appear as their target. 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 NZIER’s Monetary Policy Shadow Board see a no-change decision for Wednesday FX Street 4 years Short-term key resistances keep GBP/USD under pressure. 1.2080 holds the gate for pair's drop towards 1.2000 round-figure. Repeated failures to rise beyond key short-term resistances keep GBP/USD moves under pressure while the pair takes the rounds to 1.2155 during the early Asian session on Monday. 100-hour exponential moving average (EMA) at 1.2178, followed by 23.6% Fibonacci retracement of the latest downpour from July 25 high near 1.2183, seems immediate upside barriers for pair traders to watch. Should prices manage to clear 1.2183, 38.2% Fibonacci retracement and 200-hour EMA, around 1.2247 and 1.2255 respectively, will flash on buyers' radar. On 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.
