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  • GBP/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
  • GBP/USD is testing 1.2750 as bears are eager to revisit the 2018 low at 1.2660. The bear trend is intact with the RSI, MACD and Stochastic pointing to lower levels ahead.  
  • Near-term supports can be seen near 1.2750 and 1.2700 figure while resistances can be located near 1.2800 figure and 1.2846 August 29 low

GBP/USD 4-hour chart

Main trend:                      Bearish  

Resistance 1:                  1.2800 figure
Resistance 2:                  1.2854 October 29
Resistance 3:                  1.2900 figure
Resistance 4:                  1.2921 October 4 low

Support 1:                      1.2750 figure
Support 2:                      1.2700 figure
Support 3:                      1.2660 August low (2018 low)
Support 4:                      1.2589 June 21, 2017

 

Additional key levels at a glance:

GBP/USD

Overview:
       Last Price:  1.2745
       Daily change:  -48  pips
       Daily change:  -0.375%
       Daily Open:  1.2793
Trends:
       Daily SMA20:  1.3034
       Daily SMA50:  1.3022
       Daily SMA100:  1.306
       Daily SMA200:  1.3453
Levels:
       Daily High:  1.2854
       Daily Low:  1.2792
       Weekly High:  1.3092
       Weekly Low:  1.2777
       Monthly High:  1.33
       Monthly Low:  1.2786
       Daily Fibonacci 38.2%:  1.2816
       Daily Fibonacci 61.8%:  1.2831
       Daily Pivot Point S1:  1.2772
       Daily Pivot Point S2:  1.2751
       Daily Pivot Point S3:  1.2709
       Daily Pivot Point R1:  1.2834
       Daily Pivot Point R2:  1.2876
       Daily Pivot Point R3:  1.2897