Search ForexCrunch
  • GBP/USD is having a sharp bounce  up reversing nearly two weeks of losses in the last two days.  
  • GBP/USD bulls want to keep the market above the 1.3000 figure and break above the 200-period simple moving average as the market is set to grind higher in the coming sessions.
  • Targets to the upside are likely located near 1.3043 (October 23 high) and 1.3100 figure.  

GBP/USD 4-hour chart

Main trend:                      Bearish  
Short-term trend:                Bullish

Resistance 1:                  1.3000 figure
Resistance 2:                  1.3043, October 23 high
Resistance 3:                  1.3100 figure

Support 1:                      1.2947 key resistance
Support 2:                      1.2921 October 4 low
Support 3:                      1.2900 figure
Support 4:                      1.2854 October 29
Support 5:                      1.2800 figure

 

Additional key levels at a glance:

GBP/USD

Overview:
       Last Price:  1.301
       Daily change:  2.4e+2  pips
       Daily change:  1.91%
       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