GBP/USD Technical Analysis: Cable down en route to 1.3050 level post-FOMC statement

• 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: