GBP/USD Technical Analysis: No man’s land below 1.3120 resistance

0

GBP/USD daily chart

  • GBP/USD is consolidating above the 200-day simple moving average (SMA). 

GBP/USD 4-hour chart

  • GBP/USD is stuck between the 50 and 100 SMA.

GBP/USD 30-minute chart

  • GBP/USD remains directionless below 1.3120 key resistance.
  • Bulls have a small advantage but unless 1.3120 resistance is broken Cable remains stuck in its range.
  • Support is at 1.3080 and 1.3040 level to the downside while a break above 1.3120 resistance should open the doors to the 1.3200 figure.

Additional key levels

 

 

Get the 5 most predictable currency pairs

About Author