The GBP/USD pair’s latest bounce fails to clear key resistance-confluence. Break of immediate rising trend-line can disturb three-day-old recovery. Despite its latest uptick to a week’s high, GBP/USD stays sidelined between the key technical indicators while taking rounds to 1.2340 ahead of the UK open on Friday. The pair currently heads to range resistance, including nearly a month-long horizontal-line and 100-bar simple moving average (SMA), around 1.2385/95, a break of which could escalate the pullback moves to September 25 high nearing 1.2500 whereas the previous month top around 1.2585 could be bulls favorite then after. Alternatively, pair’s declines below immediate rising trend-line, at 1.2300, can become a short-term bearish signal to gradually drag the prices towards 61.8% Fibonacci retracement level of September month advances, at 1.2200. In a case where bears refrain from respecting 1.2200 support, 1.2080 and September month bottom surrounding 1.1960 will be on their radars. GBP/USD 4-hour chart Trend: sideways  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 Monero market update: XMR/USD reverses sharply on hitting $57.50 FX Street 3 years The GBP/USD pair's latest bounce fails to clear key resistance-confluence. Break of immediate rising trend-line can disturb three-day-old recovery. Despite its latest uptick to a week's high, GBP/USD stays sidelined between the key technical indicators while taking rounds to 1.2340 ahead of the UK open on Friday. The pair currently heads to range resistance, including nearly a month-long horizontal-line and 100-bar simple moving average (SMA), around 1.2385/95, a break of which could escalate the pullback moves to September 25 high nearing 1.2500 whereas the previous month top around 1.2585 could be bulls favorite then after. Alternatively, pair's declines below immediate… 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.
