GBP/USD bears are trying to resume the bear trend of the last months as they drove the market about 200 pips from 1.3200 to 1.3000. GBP/USD is in a bull flag and currently holding above 1.3000 figure. GBP/USD is trading below its 50 and 100-period simple moving average (SMA) but above its 200 SMA. The Stochastics indicator is deeply oversold while the RSI and MACD are in negative territories. Bulls will try to support the market above 1.3000, however, some residual bearish momentum may persist and see GBP/USD test lower levels near 1.2957 (July 19 swing low). GBP/USD 4-hour chart Spot rate: 1.3010 Relative change: -0.51% High: 1.3091 Low: 1.3003 Main trend: Bullish Resistance 1: 1.3050 August 30 swing high, key level Resistance 2: 1.3100 figure Resistance 3: 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: 1.3000 figure Support 2: 1.2957 July 19 swing low Support 3: 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 UoM Consumer Confidence Index (final) edges down to 100.1 from 100.8 in previous estimate FX Street 4 years GBP/USD bears are trying to resume the bear trend of the last months as they drove the market about 200 pips from 1.3200 to 1.3000. GBP/USD is in a bull flag and currently holding above 1.3000 figure. GBP/USD is trading below its 50 and 100-period simple moving average (SMA) but above its 200 SMA. The Stochastics indicator is deeply oversold while the RSI and MACD are in negative territories. Bulls will try to support the market above 1.3000, however, some residual bearish momentum may persist and see GBP/USD test lower levels near 1.2957 (July 19 swing low). … 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.
