GBP/USD spiked to 1.3042 and is currently retreating from the daily highs. GBP/USD is evolving below its 50, 100-period simple moving averages (SMA) while it is currently testing the 200 SMA, suggesting an overall bearish bias. However, the RSI is just below 50 while the MACD and Stochastics are displaying bullish momentum. However all-in-all the bias remains bearish with a potential target at 1.2957 (July 19 swing low) However, a breakout above 1.3050 and the bearish trendline would invalidate the current bearish bias. GBP/USD 4-hour chart Spot rate: 1.3008 Relative change: 0.51% High: 1.3042 Low: 1.2921 Main trend: Bearish Resistance 1: 1.3050 August 30 swing high, key level Resistance 2: 1.3100 figure Resistance 3: 1.3150 September 21 low Support 1: 1.3000 figure Support 2: 1.2957 July 19 swing low Support 3: 1.2900 figure 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 Will Trump have to surf the Blue Wave? – Rabobank FX Street 4 years GBP/USD spiked to 1.3042 and is currently retreating from the daily highs. GBP/USD is evolving below its 50, 100-period simple moving averages (SMA) while it is currently testing the 200 SMA, suggesting an overall bearish bias. However, the RSI is just below 50 while the MACD and Stochastics are displaying bullish momentum. However all-in-all the bias remains bearish with a potential target at 1.2957 (July 19 swing low) However, a breakout above 1.3050 and the bearish trendline would invalidate the current bearish 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.
