GBP/USD is trading in a bear trend below its 200-period simple moving average. However, bulls are working hard at creating a reversal up.  GBP/USD is currently trapped between 1.2957 and 1.3050 level after enjoying a strong rally in the last days. The RSI, MACD and Stochastic indicator suggest more gains ahead.  Bulls will need to overcome the 1.3050 resistance to set their eyes on 1.3100 and 1.3200 figure.  GBP/USD 4-hour chart Main trend:            Bearish to bullish above 1.3050  Resistance 1:          1.3000 figure Resistance 2:          1.3043, October 23 high Resistance 3:          1.3100 figure Resistance 4:          1.3200 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:  1.3014     Daily change:  46  pips     Daily change:  0.355%     Daily Open:  1.2968 Trends:     Daily SMA20:  1.3003     Daily SMA50:  1.3021     Daily SMA100:  1.3042     Daily SMA200:  1.343 Levels:     Daily High:  1.3042     Daily Low:  1.2952     Weekly High:  1.3042     Weekly Low:  1.2696     Monthly High:  1.326     Monthly Low:  1.2696     Daily Fibonacci 38.2%:  1.2986     Daily Fibonacci 61.8%:  1.3008     Daily Pivot Point S1:  1.2932     Daily Pivot Point S2:  1.2896     Daily Pivot Point S3:  1.2841     Daily Pivot Point R1:  1.3023     Daily Pivot Point R2:  1.3078     Daily Pivot Point R3:  1.3114  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 Ripple’s XRP Technical  Analysis: XRP/USD bulls behavior suggesting another extended move higher FX Street 4 years GBP/USD is trading in a bear trend below its 200-period simple moving average. However, bulls are working hard at creating a reversal up.  GBP/USD is currently trapped between 1.2957 and 1.3050 level after enjoying a strong rally in the last days. The RSI, MACD and Stochastic indicator suggest more gains ahead.  Bulls will need to overcome the 1.3050 resistance to set their eyes on 1.3100 and 1.3200 figure.  GBP/USD 4-hour chart Main trend:            Bearish to bullish above 1.3050  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.
