GBP/USD is in a bear trend below the 200-period simple moving average on the 4-hour chart. GBP/USD is currently trading in a range between the 1.2800 and 1.2850 level. The currency pair is oversold suggesting that a break above 1.2850 on a daily closing basis can lead to further upside in the coming sessions with 1.2900 figure back on the radar. On the flip side, a daily close below 1.2800 figure might lead to more bearishness. GBP/USD 4-hour chart Spot rate: 1.2821 Relative change: -0.04% High: 1.2854 Low: 1.2806 Main trend: Bearish Resistance 1: 1.2846 August 29 low Resistance 2: 1.2900 figure Resistance 3: 1.2921 October 4 low Support 1: 1.2800 figure Support 2: 1.2750 figure Support 3: 1.2700 figure Support 4: 1.2660 August low 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 Gold stays in red near $1230 as Wall Street opens higher FX Street 4 years GBP/USD is in a bear trend below the 200-period simple moving average on the 4-hour chart. GBP/USD is currently trading in a range between the 1.2800 and 1.2850 level. The currency pair is oversold suggesting that a break above 1.2850 on a daily closing basis can lead to further upside in the coming sessions with 1.2900 figure back on the radar. On the flip side, a daily close below 1.2800 figure might lead to more bearishness. GBP/USD 4-hour chart Spot rate: 1.2821 Relative change: … 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.
