GBP/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. GBP/USD is retreating below the 1.3000 figure after the Nonfarm Payrolls in the US showed 250K vs. 190K forecast in October. GBP/USD enjoyed a 350-pip bull run in the last two days and is now consolidating the gains. A pullback to 1.2947 might be on the cards as the 200 SMA is capping and the RSI and Stochastic indicators are in overbought condition. GBP/USD 4-hour chart Main trend: Bearish 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: 1.2997 Daily change: -8.0 pips Daily change: -0.0615% Daily Open: 1.3005 Trends: Daily SMA20: 1.3011 Daily SMA50: 1.3019 Daily SMA100: 1.3045 Daily SMA200: 1.3436 Levels: Daily High: 1.3036 Daily Low: 1.2762 Weekly High: 1.3092 Weekly Low: 1.2777 Monthly High: 1.326 Monthly Low: 1.2696 Daily Fibonacci 38.2%: 1.2932 Daily Fibonacci 61.8%: 1.2867 Daily Pivot Point S1: 1.2833 Daily Pivot Point S2: 1.266 Daily Pivot Point S3: 1.2558 Daily Pivot Point R1: 1.3107 Daily Pivot Point R2: 1.3209 Daily Pivot Point R3: 1.3382 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 ISM NY: Business Conditions Index edges down to 69.8 in September from 72.5 FX Street 4 years GBP/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. GBP/USD is retreating below the 1.3000 figure after the Nonfarm Payrolls in the US showed 250K vs. 190K forecast in October. GBP/USD enjoyed a 350-pip bull run in the last two days and is now consolidating the gains. A pullback to 1.2947 might be on the cards as the 200 SMA is capping and the RSI and Stochastic indicators are in overbought condition. GBP/USD 4-hour chart Main trend: Bearish … 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.
