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GBP/USD Technical Analysis: Cable bulls take the lead as 1.2880 is the level to beat for further upside

GBP/USD daily chart

  • GBP/USD is trading below its main simple moving averages on the daily time-frame.  
  • GBP/USD is trading near the November lows as the RSI and Stochastic indicators are  below the 50 line.  

GBP/USD 4-hour chart

  • GBP/USD bulls reclaimed the 50 SMA as the market is now trying to break above 1.2900 figure.  
  • Technical indicators are picking up steam suggesting potential bullish momentum.  

GBP/USD 30-minute chart

  • GBP/USD bulls took the lead this Monday as they reclaimed the main SMAs.  
  • The level to beat for bulls is 1.2880 resistance while the main support is 1.2800 figure.  
  • Technical indicators are bullish however near  overbought territories.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2861
       Today Daily change:  46  pips
       Today Daily change %:  0.359%
       Today Daily Open:  1.2815
Trends:
       Previous Daily SMA20:  1.2904
       Previous Daily SMA50:  1.3007
       Previous Daily SMA100:  1.3
       Previous Daily SMA200:  1.3347
Levels:
       Previous Daily High:  1.2885
       Previous Daily Low:  1.2799
       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%:  1.2832
       Previous Daily Fibonacci 61.8%:  1.2852
       Previous Daily Pivot Point S1:  1.2781
       Previous Daily Pivot Point S2:  1.2747
       Previous Daily Pivot Point S3:  1.2695
       Previous Daily Pivot Point R1:  1.2867
       Previous Daily Pivot Point R2:  1.2919
       Previous Daily Pivot Point R3:  1.2953

 

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