- GBP/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
- GBP/USD lost some ground in the last three days as bulls are trying to limit losses at the 1.3000 figure and 50 SMA. The decline seems to have run out of steam for the time being and upside pressure above 1.3050 can be on the cards on the last trading day of the week.
- A break below 1.3000 on a daily closing basis would see the bear trend resuming.
-636773699129520234.png)
Main trend: Bullish
Resistance 1: 1.3050 figure
Resistance 2: 1.3100 figure
Resistance 3: 1.3150 figure
Resistance 4: 1.3200 figure
Resistance 5: 1.3259 October 12 high
Support 1: 1.3000 figure
Support 2: 1.2947 key resistance
Support 3: 1.2921 October 4 low
Support 4: 1.2900 figure
Support 5: 1.2854 October 29
Additional key levels at a glance:
GBP/USD
Overview:
Last Price: 1.303
Daily change: -31 pips
Daily change: -0.237%
Daily Open: 1.3061
Trends:
Daily SMA20: 1.2987
Daily SMA50: 1.3032
Daily SMA100: 1.3037
Daily SMA200: 1.3409
Levels:
Daily High: 1.3152
Daily Low: 1.3045
Weekly High: 1.3042
Weekly Low: 1.2696
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.3086
Daily Fibonacci 61.8%: 1.3111
Daily Pivot Point S1: 1.302
Daily Pivot Point S2: 1.2979
Daily Pivot Point S3: 1.2914
Daily Pivot Point R1: 1.3127
Daily Pivot Point R2: 1.3192
Daily Pivot Point R3: 1.3233
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 edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.