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  • 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