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GBP/USD Technical Analysis: Cable reversing daily losses as bulls look at the 1.3000 figure

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).  

GBP/USD 4-hour chart

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

GBP/USD 30-minute chart

  • GBP/USD is trading above its 50 and 100 SMA suggesting potential bullish momentum in the short-term.
  • Bulls have a fair chance to break 1.2990 resistance in order to target 1.3050 to the upside.  

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2947
       Today Daily change:  11  pips
       Today Daily change %:  0.09%
       Today Daily Open:  1.2936
Trends:
       Daily SMA20:  1.2987
       Daily SMA50:  1.2805
       Daily SMA100:  1.2895
       Daily SMA200:  1.303
Levels:
       Previous Daily High:  1.298
       Previous Daily Low:  1.2925
       Previous Weekly High:  1.3212
       Previous Weekly Low:  1.3043
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.2946
       Daily Fibonacci 61.8%:  1.2959
       Daily Pivot Point S1:  1.2914
       Daily Pivot Point S2:  1.2892
       Daily Pivot Point S3:  1.286
       Daily Pivot Point R1:  1.2969
       Daily Pivot Point R2:  1.3002
       Daily Pivot Point R3:  1.3024

 

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