Home GBP/USD Technical Analysis: Sterling pierces through 1.2600 figure as USD weakens across the board
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GBP/USD Technical Analysis: Sterling pierces through 1.2600 figure as USD weakens across the board

GBP/USD daily chart

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

GBP/USD 4-hour chart

  • GBP/USD is trading below its main SMAs suggesting that the momentum is bearish.

GBP/USD 30-minute chart

  • GBP/USD broke above the 1.2600 figure and is testing the 100 SMA.
  • If bulls keep the market above 1.2620 then an extension to 1.2680 can be on the cards.
  • On the flip side, a break below 1.2620 could see a retest of the 1.2540 level.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2635
       Today Daily change:  23  pips
       Today Daily change %:  0.182%
       Today Daily Open:  1.2612
Trends:
       Previous Daily SMA20:  1.2658
       Previous Daily SMA50:  1.2779
       Previous Daily SMA100:  1.2898
       Previous Daily SMA200:  1.317
Levels:
       Previous Daily High:  1.2774
       Previous Daily Low:  1.2581
       Previous Weekly High:  1.2778
       Previous Weekly Low:  1.2616
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Previous Daily Fibonacci 38.2%:  1.2655
       Previous Daily Fibonacci 61.8%:  1.27
       Previous Daily Pivot Point S1:  1.2537
       Previous Daily Pivot Point S2:  1.2463
       Previous Daily Pivot Point S3:  1.2344
       Previous Daily Pivot Point R1:  1.273
       Previous Daily Pivot Point R2:  1.2849
       Previous Daily Pivot Point R3:  1.2923

 

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