GBP/USD is evolving in a bull trend as it is trading above its 50, 100 and 200-period simple moving average. After breaking from the bull flag, GBP/USD almost reached the 1.3200 figure. The market should continue to grind higher. The next main target for bulls becomes the 1.3300 figure and small pullbacks down along the way can be expected. A bear breakout below 1.2957 would likely invalidate the bullish bias. GBP/USD 4-hour chart Spot rate: 1.3179 Relative change: 0.28% High: 1.3185 Low: 1.3133 Main trend: Bullish Resistance 1: 1.3200 figure Resistance 2: 1.3300 figureResistance 3: 1.3370 July 9 high Support 1: 1.3150 September 21 low Support 2: 1.3100 figure Support 3: 1.3050 August 30 swing high, key level Support 4: 1.3028 October 8 low Support 5: 1.3000 figure Support 6: 1.2957 July 19 swing low 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 Gold holds weaker below $1190 mark FX Street 5 years GBP/USD is evolving in a bull trend as it is trading above its 50, 100 and 200-period simple moving average. After breaking from the bull flag, GBP/USD almost reached the 1.3200 figure. The market should continue to grind higher. The next main target for bulls becomes the 1.3300 figure and small pullbacks down along the way can be expected. A bear breakout below 1.2957 would likely invalidate the bullish bias. GBP/USD 4-hour chart Spot rate: 1.3179 Relative change: 0.28% … 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.
