Home GBP/USD Technical Analysis: Looking for a fresh break into 1.2800
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GBP/USD Technical Analysis: Looking for a fresh break into 1.2800

  • This week opens with GBP/USD riding a couple of higher lows to continue intraday bullish moves, but the pairing is quickly running into immediate resistance from 1.2770 and the 1.2800 handle.

GBP/USD, 15-Minute

  • Near-term action on the Cable shows the pair maintaining a skewed stance towards the middle, with rough breaks to either side routinely getting faded back into the median as 1.2650 – 1.2700 remains a key congestion zone.

GBP/USD, 1-Hour

  • The 1.2750 region has proven to be a consistent tipping point for GBP/USD in recent months, and failure to break higher above the key level could see the Cable break lower once again.

GBP/USD, 4-Hour

GBP/USD

Overview:
       Today Last Price:  1.2745
       Today Daily change:  7.0  pips
       Today Daily change %:  0.0550%
       Today Daily Open:  1.2738
Trends:
       Previous Daily SMA20:  1.265
       Previous Daily SMA50:  1.2773
       Previous Daily SMA100:  1.2898
       Previous Daily SMA200:  1.3155
Levels:
       Previous Daily High:  1.2746
       Previous Daily Low:  1.2615
       Previous Weekly High:  1.2815
       Previous Weekly Low:  1.2438
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Previous Daily Fibonacci 38.2%:  1.2696
       Previous Daily Fibonacci 61.8%:  1.2665
       Previous Daily Pivot Point S1:  1.2653
       Previous Daily Pivot Point S2:  1.2569
       Previous Daily Pivot Point S3:  1.2523
       Previous Daily Pivot Point R1:  1.2784
       Previous Daily Pivot Point R2:  1.283
       Previous Daily Pivot Point R3:  1.2914

 

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