GBP/USD Technical Analysis: Cable bulls eyeing 1.3240 to the upside
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GBP/USD Technical Analysis: Cable bulls eyeing 1.3240 to the upside

GBP/USD daily chart

  • GBP/USD is trading in a bull leg above its main simple moving averages (SMAs).  

GBP/USD 4-hour chart

  • GBP/USD is in a bull trend above its main SMAs suggesting bullish momentum in the medium-term.  
  • The market is finding support at the 50 SMA.  

GBP/USD 30-minute chart

  • GBP/USD found support at 1.3180 as the higher time-frames are bullish suggesting relative strength in the short-term.
  • Traders can expect resistance at 1.3240 and  1.3260 in the short-term. Followed by 1.3280 and 1.3300 figure.  
  • To the downside, bearish attempts could find support at the 1.3180 and 1.3160 level.


Additional key levels


       Today Last Price:  1.3221
       Today Daily change:  18  pips
       Today Daily change %:  0.14%
       Today Daily Open:  1.3203
       Daily SMA20:  1.3019
       Daily SMA50:  1.2927
       Daily SMA100:  1.2882
       Daily SMA200:  1.2991
       Previous Daily High:  1.3287
       Previous Daily Low:  1.3171
       Previous Weekly High:  1.3351
       Previous Weekly Low:  1.3051
       Previous Monthly High:  1.3351
       Previous Monthly Low:  1.2773
       Daily Fibonacci 38.2%:  1.3215
       Daily Fibonacci 61.8%:  1.3242
       Daily Pivot Point S1:  1.3154
       Daily Pivot Point S2:  1.3105
       Daily Pivot Point S3:  1.3038
       Daily Pivot Point R1:  1.3269
       Daily Pivot Point R2:  1.3336
       Daily Pivot Point R3:  1.3385


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