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GBP/USD Technical Analysis: Cable bulls discard FOMC as market holds tight above 1.3050 level

GBP/USD daily chart

  • GBP/USD bulls are trying to reclaim the 200-day simple moving average (SMA).  
  • The FOMC Minutes came in slightly more hawkish than anticipated giving USD a temporary knee-jerk reaction up.  

GBP/USD 4-hour chart

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

GBP/USD 30-minute chart

  • GBP/USD is trading above the main SMAs suggesting bullish momentum in the short-term.
  • The level to beat for bulls is 1.3100. On the way up, the next target is at 1.3125 and 1.3185 level.
  • Support is at 1.3020 and 1.2900 level.

 

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.3061
       Today Daily change:  -6  pips
       Today Daily change %:  -0.05%
       Today Daily Open:  1.3067
Trends:
       Daily SMA20:  1.2999
       Daily SMA50:  1.2843
       Daily SMA100:  1.2878
       Daily SMA200:  1.3002
Levels:
       Previous Daily High:  1.3074
       Previous Daily Low:  1.2895
       Previous Weekly High:  1.2959
       Previous Weekly Low:  1.2773
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.3006
       Daily Fibonacci 61.8%:  1.2963
       Daily Pivot Point S1:  1.295
       Daily Pivot Point S2:  1.2833
       Daily Pivot Point S3:  1.2771
       Daily Pivot Point R1:  1.3129
       Daily Pivot Point R2:  1.3191
       Daily Pivot Point R3:  1.3308

 

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