Home GBP/USD Technical Analysis: Cable bulls are relentless as they blast towards 1.3160 target
FXStreet News

GBP/USD Technical Analysis: Cable bulls are relentless as they blast towards 1.3160 target

GBP/USD daily chart  

  • GBP/USD is evolving in a bear trend below its 200-day simple moving averages (SMA) on the daily chart.
  • However, bulls have reclaimed the 50 and 100 SMAs and they are now testing the 200 SMA, all suggesting intense bullish activity.

GBP/USD 4-hour chart

  • GBP/USD is trading above the main SMAs and the 1.3000 round figure suggesting bullish momentum  in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD is trading above its main SMAs suggesting bullish strength.  
  • Bulls show no signs of stopping their advance and the target to the upside can be seen at the 1.3160 level in the coming sessions.
  • Support is seen at the 1.3000 figure and 1.2970 level.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.3069
       Today Daily change:  117  pips
       Today Daily change %:  0.90%
       Today Daily Open:  1.2952
Trends:
       Daily SMA20:  1.2785
       Daily SMA50:  1.2751
       Daily SMA100:  1.2892
       Daily SMA200:  1.3079
Levels:
       Previous Daily High:  1.2976
       Previous Daily Low:  1.2855
       Previous Weekly High:  1.3002
       Previous Weekly Low:  1.2668
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Daily Fibonacci 38.2%:  1.293
       Daily Fibonacci 61.8%:  1.2901
       Daily Pivot Point S1:  1.288
       Daily Pivot Point S2:  1.2807
       Daily Pivot Point S3:  1.2759
       Daily Pivot Point R1:  1.3001
       Daily Pivot Point R2:  1.3049
       Daily Pivot Point R3:  1.3122

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.