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GBP/USD Technical Analysis: Cable slowly approaching 1.3000 figure

GBP/USD daily chart

  • GBP/USD is trading just above its 200-day simple moving average.

GBP/USD 4-hour chart

  • GBP/USD is trading above the 100 and 200 SMAs suggesting a bullish bias in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD is trading below its main SMAs suggesting bearish bias in the near-term.  
  • GBP bears will need to break 1.3020 to reach 1.2990 and 1.2930 to the downside.  
  • Alternatively, to the upside traders should find resistance at 1.3100 and the 1.3160 level. Tuesday might favor the bulls.  

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.3041
       Today Daily change:  -41  pips
       Today Daily change %:  -0.31%
       Today Daily Open:  1.3082
Trends:
       Daily SMA20:  1.2955
       Daily SMA50:  1.2794
       Daily SMA100:  1.2901
       Daily SMA200:  1.3041
Levels:
       Previous Daily High:  1.3118
       Previous Daily Low:  1.3043
       Previous Weekly High:  1.3212
       Previous Weekly Low:  1.3043
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.3071
       Daily Fibonacci 61.8%:  1.3089
       Daily Pivot Point S1:  1.3044
       Daily Pivot Point S2:  1.3006
       Daily Pivot Point S3:  1.297
       Daily Pivot Point R1:  1.3119
       Daily Pivot Point R2:  1.3155
       Daily Pivot Point R3:  1.3193

 

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