Pound Sterling Price News and Forecast: GBP/USD buyers await a break above 1.2100

GBP/USD Price Analysis: Snaps two-day uptrend as 200-day EMA probes buyers

GBP/USD renews its intraday low near 1.2070 during the first loss-making day in three, despite the market’s inaction during early Monday.

In doing so, the Cable pair takes a U-turn from the 200-day Exponential Moving Average (EMA) to recall the bears. Also keeping the GBP/USD sellers hopeful are the bearish MACD signals,