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GBP/USD Technical Analysis: Cable reversing most of its daily losses

GBP/USD 4-hour chart

  • GBP is trading in a bull flag above the 100 and 200 simple moving averages.  
  • Bulls would need to break above 1.3200 to reach 1.3350 swing high to the upside.
  • However, a break below 1.3100 could lead to 1.2950 level.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.3163
       Today Daily change:  -13  pips
       Today Daily change %:  -0.10%
       Today Daily Open:  1.3176
Trends:
       Daily SMA20:  1.3026
       Daily SMA50:  1.2936
       Daily SMA100:  1.2882
       Daily SMA200:  1.299
Levels:
       Previous Daily High:  1.3269
       Previous Daily Low:  1.3166
       Previous Weekly High:  1.3351
       Previous Weekly Low:  1.3051
       Previous Monthly High:  1.3351
       Previous Monthly Low:  1.2773
       Daily Fibonacci 38.2%:  1.3205
       Daily Fibonacci 61.8%:  1.323
       Daily Pivot Point S1:  1.3139
       Daily Pivot Point S2:  1.3101
       Daily Pivot Point S3:  1.3035
       Daily Pivot Point R1:  1.3242
       Daily Pivot Point R2:  1.3307
       Daily Pivot Point R3:  1.3345

 

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