Technical look at the major currency pairs into the new trading week

What the hourly chart and price action is saying.
GBPUSD. In the NY session on Friday, the GBPUSD tried to stay below the 1.21842 (50% of the week's trading range). The price spiked above the level, but could not get above other topside target including the channel trend line and 200 and 100 hour MA.