Home GBP/USD Technical Analysis: Cable bulls challenging 1.2770 resistance for a break to 1.2800 figure
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GBP/USD Technical Analysis: Cable bulls challenging 1.2770 resistance for a break to 1.2800 figure

GBP/USD daily chart

  • GBP/USD is in a bear trend below the 200-day simple moving average (SMA).
  • GBP/USD is trading near 4-month’s lows.  

GBP/USD 4-hour chart

  • GBP/USD is trading below its 100 and 200 SMAs.
  • GBP/USD is essentially in a trading range with a downward slope.

GBP/USD 30-minute chart

  • The level to beat for bulls is 1.2770 then 1.2800 figure and 1.2840 become the next resistances.  
  • GBP/USD bulls were able to reclaim the main SMAs suggesting that 1.2800 can be on the cards this Thursday.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2767
       Today Daily change:  36  pips
       Today Daily change %:  0.283%
       Today Daily Open:  1.2731
Trends:
       Previous Daily SMA20:  1.2831
       Previous Daily SMA50:  1.2944
       Previous Daily SMA100:  1.2964
       Previous Daily SMA200:  1.3298
Levels:
       Previous Daily High:  1.2798
       Previous Daily Low:  1.2672
       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%:  1.275
       Previous Daily Fibonacci 61.8%:  1.272
       Previous Daily Pivot Point S1:  1.2669
       Previous Daily Pivot Point S2:  1.2608
       Previous Daily Pivot Point S3:  1.2543
       Previous Daily Pivot Point R1:  1.2796
       Previous Daily Pivot Point R2:  1.286
       Previous Daily Pivot Point R3:  1.2922

 

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