GBP/USD is in a bull trend as the market is trading above the 50, 100 and 200-period simple moving average. GBP/USD broke above the 1.3200 figure as it is nearing the 1.3300 (September 20 swing high). The Stochastic indicator is in overbought condition suggesting that the bull run might be exhausting itself. However, there is no sign of a top yet and the market might potentially spike to 1.3300 figure in the meanwhile. A bear breakout below 1.3100 would likely invalidate the bullish bias. GBP/USD 4-hour chart Spot rate: 1.3229 Relative change: 0.30% High: 1.3245 Low: 1.3182 Main trend: Bullish Resistance 1: 1.3300 September 20 high Resistance 2: 1.3370 July 9 high Resistance 3: 1.3400 figure Support 1: 1.3200 figure Support 2: 1.3150 September 21 low Support 3: 1.3100 figure Support 4: 1.3050 August 30 swing high, key level Support 5: 1.3028 October 8 low Support 6: 1.3000 figure Support 7: 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 USD/CAD unlikely to trade sustainably above 1.32 – Westpac FX Street 5 years GBP/USD is in a bull trend as the market is trading above the 50, 100 and 200-period simple moving average. GBP/USD broke above the 1.3200 figure as it is nearing the 1.3300 (September 20 swing high). The Stochastic indicator is in overbought condition suggesting that the bull run might be exhausting itself. However, there is no sign of a top yet and the market might potentially spike to 1.3300 figure in the meanwhile. A bear breakout below 1.3100 would likely invalidate the bullish bias. GBP/USD 4-hour chart Spot rate: … 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.
