GBP/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.  GBP/USD is having a steep spike up to 1.3150. However, the market is overbought as per the RSI and Stochastic indicators suggesting that bulls might have overstretched themselves.  A pullback down to 1.3100 and to 1.3050 might be in the making if bears keep the market below 1.3150.  GBP/USD 4-hour chart Main trend:            Bullish Short-term:            Bearish Resistance 1:          1.3150 figure Resistance 2:          1.3200 figure Resistance 3:          1.3259 October 12 high Support 1:            1.3100 figure Support 2:            1.3043, October 23 high Support 3:            1.3000 figure Support 4:            1.2947 key resistance Support 5:            1.2921 October 4 low Support 6:            1.2900 figure Support 7:            1.2854 October 29  Additional key levels at a glance: GBP/USD Overview:     Last Price:  1.3138     Daily change:  41  pips     Daily change:  0.313%     Daily Open:  1.3097 Trends:     Daily SMA20:  1.2998     Daily SMA50:  1.3029     Daily SMA100:  1.3039     Daily SMA200:  1.3419 Levels:     Daily High:  1.31     Daily Low:  1.3021     Weekly High:  1.3042     Weekly Low:  1.2696     Monthly High:  1.326     Monthly Low:  1.2696     Daily Fibonacci 38.2%:  1.307     Daily Fibonacci 61.8%:  1.3051     Daily Pivot Point S1:  1.3045     Daily Pivot Point S2:  1.2993     Daily Pivot Point S3:  1.2966     Daily Pivot Point R1:  1.3125     Daily Pivot Point R2:  1.3152     Daily Pivot Point R3:  1.3204  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 US: President Trump feeling blue – ING FX Street 4 years GBP/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.  GBP/USD is having a steep spike up to 1.3150. However, the market is overbought as per the RSI and Stochastic indicators suggesting that bulls might have overstretched themselves.  A pullback down to 1.3100 and to 1.3050 might be in the making if bears keep the market below 1.3150.  GBP/USD 4-hour chart Main trend:            Bullish Short-term:            Bearish Resistance 1:   … 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.
