- GBP/USD is bouncing from four-month lows, nearing the 1.2700 figure.
- GBP/USD remains vulnerable to the downside.
GBP/USD daily chart
GBP/USD is dropping below the 1.2900 figure and the 50/100-day simple moving averages (SMAs) as the market is bouncing from levels not seen since October 2019.
GBP/USD four-hour chart
Resistance: 1.2820, 1.2858, 1.2900
Support: 1.2700, 1.2657, 1.2600
Additional key levels