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GBP/USD Technical Analysis: Cable bulls need to surpass 1.3100 barrier for further gains

GBP/USD daily chart

  • GBP/USD is trading in a bull leg above the 200-day simple moving average (SMA) as bulls are testing the 1.3100 figure.

GBP/USD 4-hour chart

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

GBP/USD 30-minute chart

  • GBP/USD is trading in a tight range this Monday as the market is above the main SMAs.  
  • Bulls need to break 1.3105 to reach 1.3122 and 1.3132 in the short term. Looking higher up, 1.3175 is the medium-term bullish target.
  • Short-term support is at 1.3056, 1.3046 and 1.3030.  

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.3068
       Today Daily change: 16  pips
       Today Daily change %:  0.12%
       Today Daily Open:  1.3052
Trends:
       Daily SMA20:  1.2989
       Daily SMA50:  1.2867
       Daily SMA100:  1.2878
       Daily SMA200:  1.2995
Levels:
       Previous Daily High:  1.308
       Previous Daily Low:  1.2968
       Previous Weekly High:  1.3109
       Previous Weekly Low:  1.2891
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.3038
       Daily Fibonacci 61.8%:  1.3011
       Daily Pivot Point S1:  1.2987
       Daily Pivot Point S2:  1.2921
       Daily Pivot Point S3:  1.2874
       Daily Pivot Point R1:  1.3099
       Daily Pivot Point R2:  1.3146
       Daily Pivot Point R3:  1.3211

 

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