GBP/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart following the FOMC statement. GBP/USD is having a sharp pullback down as the market pierced through the 1.3100 figure. The RSI, MACD and Stochastic indicators are negative suggesting further losses ahead in the coming sessions. Targets to the downside can be seen near 1.3043 (October 23 high) and 1.3000 figure. GBP/USD 4-hour chart Main trend: Bullish Short-term: Bearish Resistance 1: 1.3100 figure Resistance 2: 1.3150 figure Resistance 3: 1.3200 figure Resistance 4: 1.3259 October 12 high Support 1: 1.3043, October 23 high Support 2: 1.3000 figure Support 3: 1.2947 key resistance Support 4: 1.2921 October 4 low Support 5: 1.2900 figure Support 6: 1.2854 October 29 Additional key levels at a glance: GBP/USD Overview: Last Price: 1.307 Daily change: -67 pips Daily change: -0.510% Daily Open: 1.3137 Trends: Daily SMA20: 1.2996 Daily SMA50: 1.3031 Daily SMA100: 1.3039 Daily SMA200: 1.3414 Levels: Daily High: 1.3176 Daily Low: 1.3074 Weekly High: 1.3042 Weekly Low: 1.2696 Monthly High: 1.326 Monthly Low: 1.2696 Daily Fibonacci 38.2%: 1.3137 Daily Fibonacci 61.8%: 1.3112 Daily Pivot Point S1: 1.3082 Daily Pivot Point S2: 1.3027 Daily Pivot Point S3: 1.298 Daily Pivot Point R1: 1.3184 Daily Pivot Point R2: 1.3231 Daily Pivot Point R3: 1.3286 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 November FOMC: Last quiet meeting – TD Securities FX Street 4 years GBP/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart following the FOMC statement. GBP/USD is having a sharp pullback down as the market pierced through the 1.3100 figure. The RSI, MACD and Stochastic indicators are negative suggesting further losses ahead in the coming sessions. Targets to the downside can be seen near 1.3043 (October 23 high) and 1.3000 figure. GBP/USD 4-hour chart Main trend: Bullish Short-term: Bearish 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.
