GBP/USD Technical Analysis: Trapped near major support just above 1.2700

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  • GBP/USD trading into 1.2730 after mild lift through Tuesday’s early session in a frequently-repeated pattern, catching bids into the pre-London markets and then selling off at the opening bell.

GBP/USD, 5-Minute

  • Rapid periods of Brexit-based bidding is frequently sending the Cable higher, but the pair remains in a rough downside channel, and the GBP is spending less and less time on the north side of the 200-period moving average.

GBP/USD, 30-Minute

  • The Cable has accelerated recent losses, running into a stiff support zone from the 1.2700 major handle, and the past few months have seen GBP/USD struggle to develop bullish momentum, remaining constrained by the 50-period moving average currently priced in near 1.2770.

GBP/USD, 4-Hour

GBP/USD

Overview:
    Today Last Price: 1.2746
    Today Daily change: 18 pips
    Today Daily change %: 0.141%
    Today Daily Open: 1.2728
Trends:
    Previous Daily SMA20: 1.2871
    Previous Daily SMA50: 1.2962
    Previous Daily SMA100: 1.2972
    Previous Daily SMA200: 1.3311
Levels:
    Previous Daily High: 1.2826
    Previous Daily Low: 1.2699
    Previous Weekly High: 1.2864
    Previous Weekly Low: 1.2725
    Previous Monthly High: 1.3176
    Previous Monthly Low: 1.2723
    Previous Daily Fibonacci 38.2%: 1.2747
    Previous Daily Fibonacci 61.8%: 1.2777
    Previous Daily Pivot Point S1: 1.2676
    Previous Daily Pivot Point S2: 1.2624
    Previous Daily Pivot Point S3: 1.2549
    Previous Daily Pivot Point R1: 1.2803
    Previous Daily Pivot Point R2: 1.2878
    Previous Daily Pivot Point R3: 1.293

 

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