Home GBP/USD Technical Analysis: Cable near 2-month’s high as bulls challenge the 1.3100 figure
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GBP/USD Technical Analysis: Cable near 2-month’s high as bulls challenge the 1.3100 figure

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below its 200-day simple moving averages (SMA) on the daily chart.
  • However, buyers have broken above the 50 and 100 SMAs and they have tested the 200 SMA, all suggesting bullish momentum.

GBP/USD 4-hour chart

  • GBP/USD is trading above the main SMAs and the 1.3000 psychological mark suggesting bullish strength in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD is above its 100 and 200  SMAs suggesting bullish momentum  
  • Although the market can retrace towards 1.2930 in the short-term, the medium-term trend is to the upside with a target at the 1.3160 level.
  • Support is seen at the 1.3000 figure, 1.2970 and the 1.2930 level.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.3039
       Today Daily change:  – 33  pips
       Today Daily change %:  -0.25%
       Today Daily Open:  1.3072
Trends:
       Daily SMA20:  1.2807
       Daily SMA50:  1.2752
       Daily SMA100:  1.2894
       Daily SMA200:  1.3073
Levels:
       Previous Daily High:  1.3081
       Previous Daily Low:  1.2941
       Previous Weekly High:  1.3002
       Previous Weekly Low:  1.2668
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Daily Fibonacci 38.2%:  1.3028
       Daily Fibonacci 61.8%:  1.2995
       Daily Pivot Point S1:  1.2982
       Daily Pivot Point S2:  1.2891
       Daily Pivot Point S3:  1.2842
       Daily Pivot Point R1:  1.3122
       Daily Pivot Point R2:  1.3172
       Daily Pivot Point R3:  1.3262

 

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