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GBP/USD Technical Analysis: Sterling hanging in the middle-of-nowhere

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).

GBP/USD 4-hour chart

  • GBP/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD is trading below the main SMAs suggesting a bearish bias. However, GBP/USD has been ranging for the last 5 days, which suggests a sideways market in the short-term.
  • To the downside, support is seen at 1.2840 and 1.2800 figure.
  • Bulls have to break above 1.2880 to reach 1.2960 figure to the upside.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2862
       Today Daily change:  -34  pips
       Today Daily change %:  -0.26%
       Today Daily Open:  1.2896
Trends:
       Daily SMA20:  1.3002
       Daily SMA50:  1.2819
       Daily SMA100:  1.2885
       Daily SMA200:  1.3017
Levels:
       Previous Daily High:  1.291
       Previous Daily Low:  1.2833
       Previous Weekly High:  1.3103
       Previous Weekly Low:  1.2854
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.288
       Daily Fibonacci 61.8%:  1.2862
       Daily Pivot Point S1:  1.2849
       Daily Pivot Point S2:  1.2802
       Daily Pivot Point S3:  1.2771
       Daily Pivot Point R1:  1.2926
       Daily Pivot Point R2:  1.2957
       Daily Pivot Point R3:  1.3003

 

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