Home GBP/USD Technical Analysis: Cable trading just below the 1.2900 figure as bulls challenge the 100-day simple moving average
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GBP/USD Technical Analysis: Cable trading just below the 1.2900 figure as bulls challenge the 100-day simple moving average

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below its 200-period simple moving averages (SMAs).  
  • GBP/USD traders  are challenging the 1.2900 figure and the 100 DSMA (Daily SMA).

GBP/USD 4-hour chart

  • GBP/USD is near monthly highs as it is trading above its main SMAs.

GBP/USD 30-minute chart

  • GBP/USD is trading above its main SMAs as bulls want to break above the 1.2900 figure.
  • A break above the current resistance would open the doors to 1.3000 the figure.
  • Alternatively, if bears resume the main bear trend the 1.2800 level is the bearish target followed by 1.2720 in the coming sessions.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2862
       Today Daily change:  16  pips
       Today Daily change %:  0.125%
       Today Daily Open:  1.2846
Trends:
       Previous Daily SMA20:  1.2696
       Previous Daily SMA50:  1.2766
       Previous Daily SMA100:  1.2894
       Previous Daily SMA200:  1.3124
Levels:
       Previous Daily High:  1.2866
       Previous Daily Low:  1.271
       Previous Weekly High:  1.2866
       Previous Weekly Low:  1.2704
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Previous Daily Fibonacci 38.2%:  1.2807
       Previous Daily Fibonacci 61.8%:  1.277
       Previous Daily Pivot Point S1:  1.2748
       Previous Daily Pivot Point S2:  1.2651
       Previous Daily Pivot Point S3:  1.2592
       Previous Daily Pivot Point R1:  1.2905
       Previous Daily Pivot Point R2:  1.2964
       Previous Daily Pivot Point R3:  1.3061

 

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