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  • The Sterling is in the middle of an upside break of the upper bound of a sideways triangle on higher timeframes, after rebounding off of support-turned-resistance at the 200-hour moving average near 1.3035, a confluence with the 21-day EMA.
  • The pair is now testing into new highs for October, with September’s last swing high providing near-term resistance at the 1.32 technical boundary.
  • Further support will likely build in from the 50-day EMA near 1.2975 if buyers fail to push the Cable back over the 1.32  barrier.

GBP/USD Chart, 15-Minute

 

GBP/USD

Overview:
       Last Price:  1.3167
       Daily change:  23  pips
       Daily change:  0.175%
       Daily Open:  1.3144
Trends:
       Daily SMA20:  1.3096
       Daily SMA50:  1.2973
       Daily SMA100:  1.3105
       Daily SMA200:  1.3496
Levels:
       Daily High:  1.3152
       Daily Low:  1.3033
       Weekly High:  1.3123
       Weekly Low:  1.2922
       Monthly High:  1.33
       Monthly Low:  1.2897
       Daily Fibonacci 38.2%:  1.3106
       Daily Fibonacci 61.8%:  1.3078
       Daily Pivot Point S1:  1.3068
       Daily Pivot Point S2:  1.2991
       Daily Pivot Point S3:  1.2949
       Daily Pivot Point R1:  1.3186
       Daily Pivot Point R2:  1.3228
       Daily Pivot Point R3:  1.3305