During the first half of Friday's trading the GBP/USD pair continued to struggle with the resistance located at the 1.2740 mark.
On Thursday morning, the Pound made a short lived attempt to surge against the US Dollar.
On Wednesday, the GBP/USD continued to decline. Moreover, the currency rate was preparing to reach for the next support level at the 1.2660 mark.
On Tuesday morning it could be seen that the GPB/USD pair is doing a rebound after finding support in a pivot point.
On Monday, the GBP/USD currency exchange rate fluctuated near the 1.2750 mark. The reason for the almost horizontal trading was the support provided by a monthly pivot point at 1.2744
The GBP/USD broke a significant long-term dominant descending channel during the morning hours of today's session.
Sterling continued it decline against the US Dollar.
The GBP/USD exchange rate remained stable on Wednesday, as it was pressured by the 55-hour SMA.
The GBP/USD currency pair tested a support cluster formed by the combination of the weekly and the monthly PPs near the 1.2934 mark.
The GBP/USD currency pair reaches two weeks low level.
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Thursday's session begins with GBP/USD trading with high volatility, thus allowing the pair to crash by 56 base points during the morning UK's session.
The GBP/USD currency exchange rate is facing a steep resistance cluster near 1.3130 during the European trading session on Wednesday.
The Pound Sterling continued trading sideways against the US Dollar for the third consecutive trading session.
The GBP/USD pair was stranded between SMAs during the morning hours.
The Sterling faces a strong resistance cluster which may not surrender today.
The Pound is hindering near the 200-period (4H) SMA circa 1.3210.
Traders should watch the 55- and 200-hour SMAs at 1.3120.
A breakout from the 100-hour SMA should be followed by a further fall.
The Pound is likely to be bound by several SMAs today.
The Pound continues to trade sideways against the Greenback since mid-THursday.
Strong bearish sentiment has pushed the Pound back to its 2018 low.
The 200-hour SMA is likely to guide the pair in this session.
The 200- and 100-hour SMAs are likely to guide the pair in this session.