GBP/USD main bear trend has been on hold since mid-August as bulls were able to bring Cable above the 50-day simple moving average. The US Federal Reserve Bank raised rates by 25 bps matching consensus. GBP/USD rose above 1.3200 but quickly fell and entered a 60-pip range. GBP/USD is still trading above its 50, 100 and 200-period simple moving averages suggesting a bullish bias. The RSI and MACD indicators are bullishly configured while the Stochastics is dropping from overbought territory. Resistance to the upside can be seen near 1.3200, 1.3300 figure and 1.3363 July high. GBP/USD 4-hour chart Spot rate:             1.3180 Relative change:        0.00%    High:                 1.3218 Low:                 1.3138 Main trend:            Bullish Resistance 1:          1.3200 figure (key support/resistance) Resistance 2:          1.3300 figure Resistance 3:          1.3363 July high Resistance 4:          1.3472 June 7 high Support 1:            1.3144 key level Support 2:            1.3100 figure Support 3:            1.3050 August 30 swing high, key level Support 4:            1.3000 figure   Support 5:            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 Jerome Powell speech: Fed funds rate is still below the longer-run neutral rate of every single participant FX Street 4 years GBP/USD main bear trend has been on hold since mid-August as bulls were able to bring Cable above the 50-day simple moving average. The US Federal Reserve Bank raised rates by 25 bps matching consensus. GBP/USD rose above 1.3200 but quickly fell and entered a 60-pip range. GBP/USD is still trading above its 50, 100 and 200-period simple moving averages suggesting a bullish bias. The RSI and MACD indicators are bullishly configured while the Stochastics is dropping from overbought territory. Resistance to the upside can be seen near 1.3200, 1.3300 figure and 1.3363 July high. 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.
