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GBP/USD daily chart

  • GBP/USD is trading in the middle of its year-to-date (YTD) range as the market retraced 50% from the January-March swing up.  

GBP/USD 4-hour chart

  • GBP/USD is trading below its main SMAs suggesting a bearish momentum in the medium-term.

GBP/USD 30-minute chart

  • The market is trading below its 100 and SMAs suggesting a bearish bias in the short-term.  
  • Bulls made three attempts to break above 1.2950 but they were capped by the 100 SMA.  
  • GBP/USD continues to trade on the defensive with 1.2930 and 1.2900 acting as main intraday support to the downside.

Additional key levels