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GBP/USD Technical Analysis: Cable supported above 1.2750 as UK’s Theresa May gives a press conference

GBP/USD 4-hour chart

  • GBP/USD is trading in a bear trend below the 4-hour chart.  
  • GBP/USD is finding some support near 1.2750. Technical indicators are still in bearish territories.  
  • If GBP/USD holds above the 1.2700 level, bulls have a chance to reach 1.2850 and 1.2900 figure

 

Additional key levels at a glance:

GBP/USD

Overview:
       Last Price:  1.276
       Daily change:  -2.5e+2  pips
       Daily change:  -1.94%
       Daily Open:  1.3012
Trends:
       Daily SMA20:  1.2946
       Daily SMA50:  1.3036
       Daily SMA100:  1.3026
       Daily SMA200:  1.3385
Levels:
       Daily High:  1.3074
       Daily Low:  1.2881
       Weekly High:  1.3176
       Weekly Low:  1.2958
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.3
       Daily Fibonacci 61.8%:  1.2955
       Daily Pivot Point S1:  1.2904
       Daily Pivot Point S2:  1.2796
       Daily Pivot Point S3:  1.2712
       Daily Pivot Point R1:  1.3097
       Daily Pivot Point R2:  1.3181
       Daily Pivot Point R3:  1.3289

 

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