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GBP/USD Technical Analysis: Cable at daily highs challenging 1.3070 resistance

GBP/USD daily chart

  • GBP/USD is bouncing  from its main simple moving averages (SMAs) suggesting a bullish bias.

GBP/USD 4-hour chart

  • GBP/USD is testing the 200 SMA while the market is below the 50 and 100 SMA.

GBP/USD 30-minute chart

  • GBP/USD is trading between the 100 and 200 SMA suggesting a consolidation phase in the short-term.
  • The main resistance on Monday is 1.3070. A break above it can lead to 1.3100 figure.  
  • Supports are at 1.3000 and 1.2960 level.

 

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.3054
       Today Daily change: 41  pips
       Today Daily change %:  0.32%
       Today Daily Open:  1.3013
Trends:
       Daily SMA20:  1.3059
       Daily SMA50:  1.2972
       Daily SMA100:  1.2882
       Daily SMA200:  1.2987
Levels:
       Previous Daily High:  1.3109
       Previous Daily Low:  1.299
       Previous Weekly High:  1.3269
       Previous Weekly Low:  1.299
       Previous Monthly High:  1.3351
       Previous Monthly Low:  1.2773
       Daily Fibonacci 38.2%:  1.3035
       Daily Fibonacci 61.8%:  1.3063
       Daily Pivot Point S1:  1.2966
       Daily Pivot Point S2:  1.2919
       Daily Pivot Point S3:  1.2847
       Daily Pivot Point R1:  1.3084
       Daily Pivot Point R2:  1.3156
       Daily Pivot Point R3:  1.3203

 

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