Home GBP/USD Technical Analysis: Near-term bullish into 1.2800
FXStreet News

GBP/USD Technical Analysis: Near-term bullish into 1.2800

  • GBP/USD sees lift in early Monday action, propped up to 1.2780 after some rough opening action near 1.2730, but tight action remains a challenge near Friday’s consolidation range.

GBP/USD, 5-Minute

  • The past two weeks show limited potential for a near-term upmove, with resistance built in  from sequential lower highs and a roughly declining support base, and moves beyond the 200-period moving average struggle to maintain momentum.

GBP/USD, 30-Minute

  • The Sterling’s 4-Hour candle chart looks increasingly like a bearish snap is being built into the current mid-term trend, with continued downside pressure keeping buyers capped off with near-term resistance from the 50-period moving average.

GBP/USD, 4-Hour

GBP/USD

Overview:
       Today Last Price:  1.2781
       Today Daily change:  38  pips
       Today Daily change %:  0.298%
       Today Daily Open:  1.2743
Trends:
       Previous Daily SMA20:  1.2887
       Previous Daily SMA50:  1.2969
       Previous Daily SMA100:  1.2977
       Previous Daily SMA200:  1.3317
Levels:
       Previous Daily High:  1.281
       Previous Daily Low:  1.2735
       Previous Weekly High:  1.2864
       Previous Weekly Low:  1.2725
       Previous Monthly High:  1.3176
       Previous Monthly Low:  1.2723
       Previous Daily Fibonacci 38.2%:  1.2764
       Previous Daily Fibonacci 61.8%:  1.2781
       Previous Daily Pivot Point S1:  1.2715
       Previous Daily Pivot Point S2:  1.2688
       Previous Daily Pivot Point S3:  1.264
       Previous Daily Pivot Point R1:  1.279
       Previous Daily Pivot Point R2:  1.2837
       Previous Daily Pivot Point R3:  1.2865

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.