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GBP/USD Technical Analysis: Cable bulls climb to daily highs and challenge 1.2900 the figure

GBP/USD daily chart

  • GBP/USD is in a bear trend below its 200-day simple moving averages (SMA).

GBP/USD 4-hour chart

  • GBP/USD is trading above the 50, 100 and 200 SMAs, suggesting bullish momentum in the medium-term.

GBP/USD 30-minute chart

  • Bulls reclaimed the 50 and 200 SMA suggesting bullish momentum as the market is challenging the 1.2900 figure.
  • A break of 1.2920 resistance would open the door to a retest of 1.3000 the figure.  
  • On the flip side, support is seen at 1.2820 and the 1.2720 level.  

Additional key levels  

GBP/USD

Overview:
       Today Last Price:  1.2903
       Today Daily change:  0.0038  pips
       Today Daily change %:  0.30%
       Today Daily Open:  1.2865
Trends:
       Daily SMA20:  1.2762
       Daily SMA50:  1.275
       Daily SMA100:  1.2891
       Daily SMA200:  1.3092
Levels:
       Previous Daily High:  1.2994
       Previous Daily Low:  1.2857
       Previous Weekly High:  1.3002
       Previous Weekly Low:  1.2668
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Daily Fibonacci 38.2%:  1.2909
       Daily Fibonacci 61.8%:  1.2942
       Daily Pivot Point S1:  1.2816
       Daily Pivot Point S2:  1.2768
       Daily Pivot Point S3:  1.2679
       Daily Pivot Point R1:  1.2954
       Daily Pivot Point R2:  1.3043
       Daily Pivot Point R3:  1.3092

 

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