GBP/USD Price The battle to move the price above 1.2200 continued.

The GBP/USD pair is under constant pressure as it strives to break above the immediate resistance of 1.2200 in the Asian session.

The Cable has corrected somewhat on a four-hour timeframe after breaking above the horizontal resistance indicated from the November 24 high at 1.2153.

Cable appears to be correcting in the lack of wider ticks, which could lead to the continuation of an upside ride.

A bull cross at 1.2040, depicted by the 20- and 50-period Exponential Moving Averages (EMAs), adds to the upside filters.

Meanwhile, the Relative Strength Index (RSI) (14) is swinging between 60.00 and 80.00, indicating that the rising momentum remains strong.

Pound Sterling bulls will drive Cable towards December if the asset breaks over Thursday’s high of 1.2210.

The high on December 5 was 1.2344, followed by the high on December 14 at 1.2446. Alternatively, a break below Thursday’s low of 1.1873 will drive the major down to the November 21 low of approximately 1.1778.

If the latter is broken, Cable will be exposed to additional decline towards the round-level support at 1.1700.