Home GBP/USD Technical Analysis: Constrained in a sluggishly bearish chart pattern, lacking a major trend
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GBP/USD Technical Analysis: Constrained in a sluggishly bearish chart pattern, lacking a major trend

  • GBP/USD is seeing apprehensive drift ahead of Friday’s major market sessions, knocking into 1.2750 but remaining trapped firmly within  

GBP/USD, 5-Minute

  • The past couple of weeks have been a ranging affair for the Cable, but swing highs remain capped off at the 1.2800 handle while swing lows continue to tread into fresh territory.

GBP/USD, 30-Minute

  • Indecision has marked the Cable for the past couple of months as the major chart pattern squeezes into a sideways pattern, and current action is getting clamped between the 50-period MA at 1.2770 and major support from the 1.2700 handle, but bidders face the field disadvantage with the 200-period MA capping off any breaks to the upside from 1.2850.

GBP/USD, 4-Hour

GBP/USD

Overview:
       Today Last Price:  1.2771
       Today Daily change:  -17  pips
       Today Daily change %:  -0.133%
       Today Daily Open:  1.2788
Trends:
       Previous Daily SMA20:  1.2818
       Previous Daily SMA50:  1.2938
       Previous Daily SMA100:  1.2962
       Previous Daily SMA200:  1.3293
Levels:
       Previous Daily High:  1.2812
       Previous Daily Low:  1.2699
       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%:  1.2769
       Previous Daily Fibonacci 61.8%:  1.2742
       Previous Daily Pivot Point S1:  1.272
       Previous Daily Pivot Point S2:  1.2653
       Previous Daily Pivot Point S3:  1.2607
       Previous Daily Pivot Point R1:  1.2833
       Previous Daily Pivot Point R2:  1.2879
       Previous Daily Pivot Point R3:  1.2947

 

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