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  • GBP/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
  • GBP/USD lost some ground in the last three days as bulls are trying to limit losses at the 1.3000 figure and 50 SMA. The decline seems to have run out of steam for the time being and upside pressure above 1.3050 can be on the cards on  the last trading day of the week.  
  • A break below 1.3000 on a daily closing basis would see the bear trend resuming.  

GBP/USD 4-hour chart

Main trend:                      Bullish

Resistance 1:                  1.3050 figure
Resistance 2:                  1.3100 figure
Resistance 3:                  1.3150 figure
Resistance 4:                  1.3200 figure
Resistance 5:                  1.3259 October 12 high

Support 1:                      1.3000 figure
Support 2:                      1.2947 key resistance
Support 3:                      1.2921 October 4 low
Support 4:                      1.2900 figure
Support 5:                      1.2854 October 29

 
Additional key levels at a glance:

GBP/USD

Overview:
       Last Price:  1.303
       Daily change:  -31  pips
       Daily change:  -0.237%
       Daily Open:  1.3061
Trends:
       Daily SMA20:  1.2987
       Daily SMA50:  1.3032
       Daily SMA100:  1.3037
       Daily SMA200:  1.3409
Levels:
       Daily High:  1.3152
       Daily Low:  1.3045
       Weekly High:  1.3042
       Weekly Low:  1.2696
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.3086
       Daily Fibonacci 61.8%:  1.3111
       Daily Pivot Point S1:  1.302
       Daily Pivot Point S2:  1.2979
       Daily Pivot Point S3:  1.2914
       Daily Pivot Point R1:  1.3127
       Daily Pivot Point R2:  1.3192
       Daily Pivot Point R3:  1.3233