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

  • 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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