GBP/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. GBP/USD had a sharp pullback up this Wednesday piercing 1.2800 on an intraday basis but unable to keep prices above the level. Bulls would need a break of 1.2800 on a daily closing basis in order to gather some strength after the October selloff. The RSI and Stochastic indicators are below the 50 line while the MACD has crossed over from below the midline. All suggesting that a potential reversal up can be in the making on a break above 1.2800 figure in the coming sessions. On the flip side, failures at 1.2800 will keep the bearish bias intact. 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: 1.2758 Daily change: 51 pips Daily change: 0.401% Daily Open: 1.2707 Trends: Daily SMA20: 1.302 Daily SMA50: 1.3018 Daily SMA100: 1.3054 Daily SMA200: 1.3447 Levels: Daily High: 1.2814 Daily Low: 1.2696 Weekly High: 1.3092 Weekly Low: 1.2777 Monthly High: 1.33 Monthly Low: 1.2786 Daily Fibonacci 38.2%: 1.2741 Daily Fibonacci 61.8%: 1.2769 Daily Pivot Point S1: 1.2664 Daily Pivot Point S2: 1.2621 Daily Pivot Point S3: 1.2546 Daily Pivot Point R1: 1.2781 Daily Pivot Point R2: 1.2856 Daily Pivot Point R3: 1.2899 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/JPY losing bull’s commitments on 113 handle, but still bullish above cloud support FX Street 4 years GBP/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. GBP/USD had a sharp pullback up this Wednesday piercing 1.2800 on an intraday basis but unable to keep prices above the level. Bulls would need a break of 1.2800 on a daily closing basis in order to gather some strength after the October selloff. The RSI and Stochastic indicators are below the 50 line while the MACD has crossed over from below the midline. All suggesting that a potential reversal up can be in the making on a break above 1.2800… 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.
