GBP/USD is trading in a bear trend below its 200-period simple moving average. However, bulls are busy trying to create a reversal up.  The 200 SMA on the 4-hour chart is currently capping any bullish advance. Failure to break above it and the 1.3050 level can lead to a rotation to 1.3000 and 1.2947 levels. The RSI indicator is above 50, the MACD is bullish while the Stochastic is in overbought condition.  On the flip side, a break above 1.3050 can lead to an advance to 1.3100 and 1.3200 figure.  GBP/USD 4-hour chart Main trend:            Bearish Resistance 1:          1.3000 figure Resistance 2:          1.3043, October 23 high Resistance 3:          1.3100 figure Resistance 4:          1.3200 figure Support 1:            1.2947 key resistance Support 2:            1.2921 October 4 low Support 3:            1.2900 figure Support 4:            1.2854 October 29 Support 5:            1.2800 figure  Additional key levels at a glance: GBP/USD Overview:     Last Price:  1.3021     Daily change:  53  pips     Daily change:  0.409%     Daily Open:  1.2968 Trends:     Daily SMA20:  1.3003     Daily SMA50:  1.3021     Daily SMA100:  1.3042     Daily SMA200:  1.343 Levels:     Daily High:  1.3042     Daily Low:  1.2952     Weekly High:  1.3042     Weekly Low:  1.2696     Monthly High:  1.326     Monthly Low:  1.2696     Daily Fibonacci 38.2%:  1.2986     Daily Fibonacci 61.8%:  1.3008     Daily Pivot Point S1:  1.2932     Daily Pivot Point S2:  1.2896     Daily Pivot Point S3:  1.2841     Daily Pivot Point R1:  1.3023     Daily Pivot Point R2:  1.3078     Daily Pivot Point R3:  1.3114  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 Bitcoin Cash (BCH/USD) gains a whopping 45% in just over a week, eyes on $600 and beyond FX Street 4 years GBP/USD is trading in a bear trend below its 200-period simple moving average. However, bulls are busy trying to create a reversal up.  The 200 SMA on the 4-hour chart is currently capping any bullish advance. Failure to break above it and the 1.3050 level can lead to a rotation to 1.3000 and 1.2947 levels. The RSI indicator is above 50, the MACD is bullish while the Stochastic is in overbought condition.  On the flip side, a break above 1.3050 can lead to an advance to 1.3100 and 1.3200 figure.  GBP/USD 4-hour chart Main trend:   … 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.
