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 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 EUR/USD still under pressure around 1.1340 FX Street 4 years 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: … 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.
