GBP/USD Technical Analysis: Cable finding some footing near the 1.3000 figure as bulls want a Friday rally
|- GBP/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
- GBP/USD lost some ground in the last three days as bulls are trying to limit losses at the 1.3000 figure and 50 SMA. The decline seems to have run out of steam for the time being and upside pressure above 1.3050 can be on the cards on the last trading day of the week.
- A break below 1.3000 on a daily closing basis would see the bear trend resuming.
Main trend: Bullish
Resistance 1: 1.3050 figure
Resistance 2: 1.3100 figure
Resistance 3: 1.3150 figure
Resistance 4: 1.3200 figure
Resistance 5: 1.3259 October 12 high
Support 1: 1.3000 figure
Support 2: 1.2947 key resistance
Support 3: 1.2921 October 4 low
Support 4: 1.2900 figure
Support 5: 1.2854 October 29
Additional key levels at a glance:
GBP/USD
Overview:
Last Price: 1.303
Daily change: -31 pips
Daily change: -0.237%
Daily Open: 1.3061
Trends:
Daily SMA20: 1.2987
Daily SMA50: 1.3032
Daily SMA100: 1.3037
Daily SMA200: 1.3409
Levels:
Daily High: 1.3152
Daily Low: 1.3045
Weekly High: 1.3042
Weekly Low: 1.2696
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.3086
Daily Fibonacci 61.8%: 1.3111
Daily Pivot Point S1: 1.302
Daily Pivot Point S2: 1.2979
Daily Pivot Point S3: 1.2914
Daily Pivot Point R1: 1.3127
Daily Pivot Point R2: 1.3192
Daily Pivot Point R3: 1.3233
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