Home GBP/USD Technical Analysis: Range-play between 100/200-hour SMA ahead of NFP
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GBP/USD Technical Analysis: Range-play between 100/200-hour SMA ahead of NFP

   “¢   The pair’s goodish intraday bounce from 100-hour SMA support, near the 1.3000 handle, quickly ran out of steam and stalled near 200-hour SMA.  

   “¢   Technical indicators on the 1-hourly chart maintained a positive tone, though bullish traders seemed reluctant to place any aggressive bets ahead of the NFP report.

   “¢   Hence, it would be prudent to wait for a convincing break through the 100/200-hour SMAs range before positioning for any meaningful intraday move.
 

GBP/USD 1-hourly chart

GBP/USD

Overview:
       Last Price:  1.3036
       Daily change:  15  pips
       Daily change:  0.115%
       Daily Open:  1.3021
Trends:
       Daily SMA20:  1.3078
       Daily SMA50:  1.2973
       Daily SMA100:  1.3115
       Daily SMA200:  1.3501
Levels:
       Daily High:  1.3042
       Daily Low:  1.2922
       Weekly High:  1.3218
       Weekly Low:  1.3
       Monthly High:  1.33
       Monthly Low:  1.2786
       Daily Fibonacci 38.2%:  1.2996
       Daily Fibonacci 61.8%:  1.2968
       Daily Pivot Point S1:  1.2948
       Daily Pivot Point S2:  1.2874
       Daily Pivot Point S3:  1.2827
       Daily Pivot Point R1:  1.3068
       Daily Pivot Point R2:  1.3116
       Daily Pivot Point R3:  1.3189

 

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