Home GBP/USD Technical Analysis: Cable bulls wake up as Fed’ Powell sends USD lower across the board
FXStreet News

GBP/USD Technical Analysis: Cable bulls wake up as Fed’ Powell sends USD lower across the board

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-day simple moving average.
  • GBP/USD has been hovering near the 1.2800 level for the last nine sessions.
  • The RSI, MACD and Stochastic are slowly picking up steam.

GBP/USD 4-hour chart

  • Cable bulls reclaimed the 50 SMA as bulls are en route to 1.2860 and 1.2940 resistance.
  • Technical indicators are turning bullish.

GBP/USD 30-minute chart

  • Support is seen at the 1.2800 and 1.2720 levels.  

Additional key levels
 

GBP/USD

Overview:
       Today Last Price:  1.2837
       Today Daily change:  1.0e+2  pips
       Today Daily change %:  0.809%
       Today Daily Open:  1.2734
Trends:
       Previous Daily SMA20:  1.2906
       Previous Daily SMA50:  1.2992
       Previous Daily SMA100:  1.299
       Previous Daily SMA200:  1.3335
Levels:
       Previous Daily High:  1.2836
       Previous Daily Low:  1.2725
       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%:  1.2767
       Previous Daily Fibonacci 61.8%:  1.2793
       Previous Daily Pivot Point S1:  1.2694
       Previous Daily Pivot Point S2:  1.2654
       Previous Daily Pivot Point S3:  1.2584
       Previous Daily Pivot Point R1:  1.2805
       Previous Daily Pivot Point R2:  1.2875
       Previous Daily Pivot Point R3:  1.2915

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.