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GBP/USD Technical Analysis: Cable bulls set to revisit 1.2800 figure before the weekend

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
  • GBP/USD is in a tight trading range for the 10th consecutive day at the November lows.

GBP/USD 4-hour chart

  • GBP/USD is trading below its main SMAs.
  • Technical indicators are slightly negative.

GBP/USD 30-minute chart

  • As forecast GBP/USD dropped near 1.2720 level.  
  • GBP/USD is set to stay supported for the remainder of the day with a potential bull target near 1.2800 figure.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2757
       Today Daily change:  -23  pips
       Today Daily change %:  -0.180%
       Today Daily Open:  1.278
Trends:
       Previous Daily SMA20:  1.2898
       Previous Daily SMA50:  1.2976
       Previous Daily SMA100:  1.2982
       Previous Daily SMA200:  1.3323
Levels:
       Previous Daily High:  1.2852
       Previous Daily Low:  1.2755
       Previous Weekly High:  1.2928
       Previous Weekly Low:  1.2764
       Previous Monthly High:  1.326
       Previous Monthly Low:  1.2696
       Previous Daily Fibonacci 38.2%:  1.2792
       Previous Daily Fibonacci 61.8%:  1.2815
       Previous Daily Pivot Point S1:  1.274
       Previous Daily Pivot Point S2:  1.2699
       Previous Daily Pivot Point S3:  1.2643
       Previous Daily Pivot Point R1:  1.2836
       Previous Daily Pivot Point R2:  1.2892
       Previous Daily Pivot Point R3:  1.2932

 

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