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  • GBP/USD is trading back above 1.2957 key level as bulls are currently trying to break above 1.3000 figure.  
  • GBP/USD is trading below its 50, 100-period simple moving averages (SMA) while it is testing the 200 SMA, suggesting an overall bearish bias. GBP/USD is testing yesterday’s high at 1.3022.  
  • Failure to break above 1.3022 should leave the room open for a swing back down to 1.2957.  

GBP/USD 4-hour chart

Overview:
       Last Price:  1.3003
       Daily change:  62  pips
       Daily change:  0.479%
       Daily Open:  1.2941
Trends:
       Daily SMA20:  1.3073
       Daily SMA50:  1.2975
       Daily SMA100:  1.312
       Daily SMA200:  1.3503
Levels:
       Daily High:  1.3025
       Daily Low:  1.2924
       Weekly High:  1.3218
       Weekly Low:  1.3
       Monthly High:  1.33
       Monthly Low:  1.2786

Resistances and Supports:

Resistance 1:                  1.2957 July 19 swing low
Resistance 2:                  1.3000 figure    
Resistance 3:                  1.3050 August 30 swing high, key level
Resistance 4:                  1.3100 figure
Resistance 5:                  1.3144 key level
   
Support 1:                      1.2957 July 19 swing low  
Support 2:                      1.2900 figure  
Support 3:                      1.2800 figure
Support 4:                      1.2700 figure