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GBP/USD Technical Analysis: Cable is trapped in a tight 80-pip range

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages.

GBP/USD 4-hour chart

  • GBP/USD bulls are trying to get beyond the 50 SMA.  
  • The 1.2600 figure resisted to bearish attacks.

GBP/USD 30-minute chart

  • GBP/USD is now trapped between the 1.2600 and 1.2680 levels.  
  • A clear break from one of those level is needed to confirm the next directional move.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2665
       Today Daily change:  -6.0  pips
       Today Daily change %:  -0.0474%
       Today Daily Open:  1.2671
Trends:
       Previous Daily SMA20:  1.2752
       Previous Daily SMA50:  1.2907
       Previous Daily SMA100:  1.2941
       Previous Daily SMA200:  1.3269
Levels:
       Previous Daily High:  1.2672
       Previous Daily Low:  1.2477
       Previous Weekly High:  1.284
       Previous Weekly Low:  1.2659
       Previous Monthly High:  1.3176
       Previous Monthly Low:  1.2723
       Previous Daily Fibonacci 38.2%:  1.2598
       Previous Daily Fibonacci 61.8%:  1.2551
       Previous Daily Pivot Point S1:  1.2541
       Previous Daily Pivot Point S2:  1.2411
       Previous Daily Pivot Point S3:  1.2346
       Previous Daily Pivot Point R1:  1.2736
       Previous Daily Pivot Point R2:  1.2802
       Previous Daily Pivot Point R3:  1.2932

 

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