- GBP/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart following the FOMC statement.
- GBP/USD is having a sharp pullback down as the market pierced through the 1.3100 figure. The RSI, MACD and Stochastic indicators are negative suggesting further losses ahead in the coming sessions.
- Targets to the downside can be seen near 1.3043 (October 23 high) and 1.3000 figure.
-636773029062030387.png)
Main trend: Bullish
Short-term: Bearish
Resistance 1: 1.3100 figure
Resistance 2: 1.3150 figure
Resistance 3: 1.3200 figure
Resistance 4: 1.3259 October 12 high
Support 1: 1.3043, October 23 high
Support 2: 1.3000 figure
Support 3: 1.2947 key resistance
Support 4: 1.2921 October 4 low
Support 5: 1.2900 figure
Support 6: 1.2854 October 29
Additional key levels at a glance:
GBP/USD
Overview:
Last Price: 1.307
Daily change: -67 pips
Daily change: -0.510%
Daily Open: 1.3137
Trends:
Daily SMA20: 1.2996
Daily SMA50: 1.3031
Daily SMA100: 1.3039
Daily SMA200: 1.3414
Levels:
Daily High: 1.3176
Daily Low: 1.3074
Weekly High: 1.3042
Weekly Low: 1.2696
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.3137
Daily Fibonacci 61.8%: 1.3112
Daily Pivot Point S1: 1.3082
Daily Pivot Point S2: 1.3027
Daily Pivot Point S3: 1.298
Daily Pivot Point R1: 1.3184
Daily Pivot Point R2: 1.3231
Daily Pivot Point R3: 1.3286
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD extends gains above 1.0700, focus on key US data
EUR/USD meets fresh demand and rises toward 1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
GBP/USD extends recovery above 1.2500, awaits US GDP data
GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter.
Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP
Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price.
US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4
The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing.