GBP/USD is trading in a bear trend below the 200-period simple moving average. GBP/USD rebounded from the 1.2700 level and is now testing the 1.1921 October 4 low. GBP/USD broke above the 50 SMA suggesting that bulls have retaken some control. As indicators are in positive territories bullishness is expected to persist in the coming sessions with 1.2947 and 1.3000 as the level to beat for bulls. GBP/USD 4-hour chart Main trend: Bearish Short-term trend: Bullish Resistance 1: 1.2921 October 4 low Resistance 2: 1.2947 key resistance Resistance 3: 1.3000 figure Support 1: 1.2900 figure Support 2: 1.2854 October 29 Support 3: 1.2800 figure Support 4: 1.2750 figure Support 5: 1.2700 figure Support 6: 1.2660 August low (2018 low) Support 7: 1.2589 June 21, 2017 Additional key levels at a glance: GBP/USD Overview: Last Price: 1.2919 Daily change: 1.5e+2 pips Daily change: 1.20% Daily Open: 1.2766 Trends: Daily SMA20: 1.3012 Daily SMA50: 1.3015 Daily SMA100: 1.3048 Daily SMA200: 1.3441 Levels: Daily High: 1.2832 Daily Low: 1.2699 Weekly High: 1.3092 Weekly Low: 1.2777 Monthly High: 1.326 Monthly Low: 1.2696 Daily Fibonacci 38.2%: 1.2781 Daily Fibonacci 61.8%: 1.275 Daily Pivot Point S1: 1.2699 Daily Pivot Point S2: 1.2632 Daily Pivot Point S3: 1.2565 Daily Pivot Point R1: 1.2832 Daily Pivot Point R2: 1.2899 Daily Pivot Point R3: 1.2966 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 edges down to 55.7 vs 55.9 expected FX Street 4 years GBP/USD is trading in a bear trend below the 200-period simple moving average. GBP/USD rebounded from the 1.2700 level and is now testing the 1.1921 October 4 low. GBP/USD broke above the 50 SMA suggesting that bulls have retaken some control. As indicators are in positive territories bullishness is expected to persist in the coming sessions with 1.2947 and 1.3000 as the level to beat for bulls. GBP/USD 4-hour chart Main trend: Bearish Short-term trend: Bullish Resistance 1: … 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.
