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  • GBP/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.  
  • GBP/USD bears gave no respite to Cable which is dropping to 1.2700 figure now only a handful of pips away from the 2018 low at 1.2660. GBP/USD might consolidate some losses but remain fragile for another potential for to 1.2660.  
  • Near-term supports can be seen near 1.2700 figure while resistances can be located near 1.2750 and 1.2800 figure.

GBP/USD 4-hour chart

Main trend:                      Bearish  

Resistance 1:                  1.2750 figure
Resistance 2:                  1.2800 figure
Resistance 3:                  1.2854 October 29
Resistance 4:                  1.2900 figure
Resistance 5:                  1.2921 October 4 low

Support 1:                      1.2700 figure
Support 2:                      1.2660 August low (2018 low)
Support 3:                      1.2589 June 21, 2017

 

Additional key levels at a glance:

GBP/USD

Overview:
       Last Price:  1.271
       Daily change:  -83  pips
       Daily change:  -0.649%
       Daily Open:  1.2793
Trends:
       Daily SMA20:  1.3034
       Daily SMA50:  1.3022
       Daily SMA100:  1.306
       Daily SMA200:  1.3453
Levels:
       Daily High:  1.2854
       Daily Low:  1.2792
       Weekly High:  1.3092
       Weekly Low:  1.2777
       Monthly High:  1.33
       Monthly Low:  1.2786
       Daily Fibonacci 38.2%:  1.2816
       Daily Fibonacci 61.8%:  1.2831
       Daily Pivot Point S1:  1.2772
       Daily Pivot Point S2:  1.2751
       Daily Pivot Point S3:  1.2709
       Daily Pivot Point R1:  1.2834
       Daily Pivot Point R2:  1.2876
       Daily Pivot Point R3:  1.2897