Home GBP/USD Technical Analysis: Cable finds support at the October low as 1.2800 becomes the next bull target
FXStreet News

GBP/USD Technical Analysis: Cable finds support at the October low as 1.2800 becomes the next bull target

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
  • Cable bears want to reach the August lows at the 1.2661 level.  

GBP/USD 4-hour chart

  • GBP/USD is trading below its main SMAs.
  • GBP/USD found support at 1.2695, the October low in the New York session.
  • 1.2800 seems to be the next destination for bulls.

GBP/USD 30-minute chart

  • On smaller time-frames, 1.2700 and 1.2720 remain support.  
  • In the meanwhile, GBP bulls will need to overcome the 1.2760 level and the 50 SMA  

Additional key levels  

GBP/USD

Overview:
       Today Last Price:  1.2742
       Today Daily change:  -1.0  pips
       Today Daily change %:  -0.00785%
       Today Daily Open:  1.2743
Trends:
       Previous Daily SMA20:  1.2887
       Previous Daily SMA50:  1.2969
       Previous Daily SMA100:  1.2977
       Previous Daily SMA200:  1.3317
Levels:
       Previous Daily High:  1.281
       Previous Daily Low:  1.2735
       Previous Weekly High:  1.2864
       Previous Weekly Low:  1.2725
       Previous Monthly High:  1.3176
       Previous Monthly Low:  1.2723
       Previous Daily Fibonacci 38.2%:  1.2764
       Previous Daily Fibonacci 61.8%:  1.2781
       Previous Daily Pivot Point S1:  1.2715
       Previous Daily Pivot Point S2:  1.2688
       Previous Daily Pivot Point S3:  1.264
       Previous Daily Pivot Point R1:  1.279
       Previous Daily Pivot Point R2:  1.2837
       Previous Daily Pivot Point R3:  1.2865

 

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.