Home GBP/USD Technical Analysis: Cable sub-1.2800 post FOMC minutes – 1.2880 bull target
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GBP/USD Technical Analysis: Cable sub-1.2800 post FOMC minutes – 1.2880 bull target

GBP/USD daily chart

  • GBP/USD is evolving in a bear trend below the 200-day simple moving average (SMA).
  • GBP/USD is in a tight trading range for the 9th consecutive day.  
  • The FOMC minutes were basically a non-event with virtually no market reactions.

GBP/USD 4-hour chart

  • GBP/USD has found support above the 1.2750 level.
  • Technical indicators are supportive for higher prices ahead.  

GBP/USD 30-minute chart

  • GBP/USD could test Wednesday lows.  
  • If Wednesday’s low is tested and holds it can be a potential buy opportunity to target 1.2880 to the upside.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2775
       Today Daily change:  -51  pips
       Today Daily change %:  -0.398%
       Today Daily Open:  1.2826
Trends:
       Previous Daily SMA20:  1.2909
       Previous Daily SMA50:  1.2986
       Previous Daily SMA100:  1.2986
       Previous Daily SMA200:  1.3329
Levels:
       Previous Daily High:  1.2848
       Previous Daily Low:  1.2728
       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%:  1.2802
       Previous Daily Fibonacci 61.8%:  1.2774
       Previous Daily Pivot Point S1:  1.2753
       Previous Daily Pivot Point S2:  1.2681
       Previous Daily Pivot Point S3:  1.2634
       Previous Daily Pivot Point R1:  1.2873
       Previous Daily Pivot Point R2:  1.292
       Previous Daily Pivot Point R3:  1.2992

 

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