Home GBP/USD Technical Analysis: Cable bulls facing the 1.3000 brick wall as 1.2900 can be back on the cards
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GBP/USD Technical Analysis: Cable bulls facing the 1.3000 brick wall as 1.2900 can be back on the cards

GBP/USD daily chart

  • GBP/USD buills are facing a very strong resistance level made of 1.3000 figure and the 50 and 100-day simple moving average.  
  • Interestingly the 50 SMA is crossing above the 100 SMA, which is called a golden cross and potentially bullish in the coming weeks.  

GBP/USD 4-hour chart

  • Bulls went as high as 1.3050 but found no buying interest up there.  

GBP/USD 30-minute chart

  • The climactic move up should lead to a correction down to 1.2940 and 1.2900 figure

Additional key levels at a glance:

GBP/USD

Overview:
       Last Price:  1.2986
       Daily change:  1.3e+2  pips
       Daily change:  1.03%
       Daily Open:  1.2853
Trends:
       Daily SMA20:  1.2963
       Daily SMA50:  1.3032
       Daily SMA100:  1.303
       Daily SMA200:  1.3396
Levels:
       Daily High:  1.2948
       Daily Low:  1.2827
       Weekly High:  1.3176
       Weekly Low:  1.2958
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.2874
       Daily Fibonacci 61.8%:  1.2902
       Daily Pivot Point S1:  1.2804
       Daily Pivot Point S2:  1.2755
       Daily Pivot Point S3:  1.2683
       Daily Pivot Point R1:  1.2925
       Daily Pivot Point R2:  1.2997
       Daily Pivot Point R3:  1.3046

 

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