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GBP/USD Technical Analysis: Nothing is wrong for longs

GBP/USD daily chart

  • GBP/USD is trading in a bull leg above its main simple moving averages (SMA).
  • GBP/USD created an inside bar on the daily chart.

GBP/USD 4-hour chart

  • Bulls are breaking to the upside from the bull flag as the market is trading above the 100 and 200 SMAs.
  • The next resistances are at 1.3200 figure and 1.3350 swing high to the upside.
  • On the flip side, a bear break below 1.3100 could lead to 1.2950 level.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.3178
       Today Daily change %:  0.02%
       Today Daily Open:  1.3176
Trends:
       Daily SMA20:  1.3037
       Daily SMA50:  1.2946
       Daily SMA100:  1.2882
       Daily SMA200:  1.299
Levels:
       Previous Daily High:  1.3199
       Previous Daily Low:  1.3098
       Previous Weekly High:  1.3351
       Previous Weekly Low:  1.3051
       Previous Monthly High:  1.3351
       Previous Monthly Low:  1.2773
       Daily Fibonacci 38.2%:  1.3136
       Daily Fibonacci 61.8%:  1.316
       Daily Pivot Point S1:  1.3116
       Daily Pivot Point S2:  1.3056
       Daily Pivot Point S3:  1.3015
       Daily Pivot Point R1:  1.3218
       Daily Pivot Point R2:  1.3259
       Daily Pivot Point R3:  1.3319


 

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