GBP/USD Technical Analysis: Cable at daily highs as bulls eye the 1.2900 figure


GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
  • GBP/USD is trading above the 50 SMA. 

GBP/USD 4-hour chart

  • GBP/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD is trading below its 200 SMA suggesting bearish momentum. 
  • However, bulls have retaken the 50 SMA and they might try to tarhet 1.2940 level and 1.3000 figure. 
  • To the downside, a breach below 1.2860 would lead to the 1.2730 level. 

Additional key levels


    Today Last Price: 1.288
    Today Daily change: 18 pips
    Today Daily change %: 0.14%
    Today Daily Open: 1.2862
    Daily SMA20: 1.3001
    Daily SMA50: 1.2815
    Daily SMA100: 1.2888
    Daily SMA200: 1.3021
    Previous Daily High: 1.295
    Previous Daily Low: 1.2844
    Previous Weekly High: 1.3103
    Previous Weekly Low: 1.2854
    Previous Monthly High: 1.3214
    Previous Monthly Low: 1.2438
    Daily Fibonacci 38.2%: 1.2885
    Daily Fibonacci 61.8%: 1.291
    Daily Pivot Point S1: 1.2821
    Daily Pivot Point S2: 1.278
    Daily Pivot Point S3: 1.2715
    Daily Pivot Point R1: 1.2927
    Daily Pivot Point R2: 1.2992
    Daily Pivot Point R3: 1.3033


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