GBP/USD Asia Price Forecast: Pound and UK PM Johnson go down, cable trades sub-1.2300 figure

 

 

After hitting 1985 lows in March, GBP/USD bounced up sharply while the spot remains below the main daily simple moving averages (SMAs). UK PM Johnson is allegedly in intensive care. 

 

 

GBP/USD is consolidating gains stemming from the March lows while trading below the 1.2300 figure and the 50/200 SMAs on the four-hour chart. Bears want a beak below the 1.2200/1.2100 support zone to target the 1.1900 figure to the downside while bulls will try to break the 1.2300 level en route top the 1.2350/1.2450 resistance zone.