GBP/USD is consolidating the recent gains in a bull flag. GBP/USD is trading below its 50 and 100-period simple moving averages (SMA) while it is holding above the 200 SMA and the 1.3000 figure. The RSI, MACD and Stochastics indicators are starting to rise. However, the market might need to consolidate some more with maybe a test or the 200 SMA and the 1.3000 figure before big bulls come back and lift the market once more. GBP/USD 4-hour chart Spot rate: 1.3072 Relative change: 0.33% High: 1.3116 Low: 1.3012 Main trend: Bullish Short-term trend: Neutral Resistance 1: 1.3100 figure Resistance 2: 1.3144 key level Resistance 3: 1.3200 figure (key support/resistance) Resistance 4: 1.3300 figure Resistance 5: 1.3363 July high Resistance 6: 1.3472 June 7 high Support 1: 1.3050 August 30 swing high, key level Support 2: 1.3000 figure Support 3: 1.2957 July 19 swing low Support 4: 1.2900 figure FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Markit Manufacturing PMI matches expectations with 55.6 (final) in September FX Street 4 years GBP/USD is consolidating the recent gains in a bull flag. GBP/USD is trading below its 50 and 100-period simple moving averages (SMA) while it is holding above the 200 SMA and the 1.3000 figure. The RSI, MACD and Stochastics indicators are starting to rise. However, the market might need to consolidate some more with maybe a test or the 200 SMA and the 1.3000 figure before big bulls come back and lift the market once more. GBP/USD 4-hour chart Spot rate: 1.3072 Relative change: … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
