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

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  • 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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