GBP/USD Technical Analysis: Cable finds support at the October low as 1.2800 becomes the next bull target
|GBP/USD daily chart
- GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
- Cable bears want to reach the August lows at the 1.2661 level.
GBP/USD 4-hour chart
- GBP/USD is trading below its main SMAs.
- GBP/USD found support at 1.2695, the October low in the New York session.
- 1.2800 seems to be the next destination for bulls.
GBP/USD 30-minute chart
- On smaller time-frames, 1.2700 and 1.2720 remain support.
- In the meanwhile, GBP bulls will need to overcome the 1.2760 level and the 50 SMA
Additional key levels
GBP/USD
Overview:
Today Last Price: 1.2742
Today Daily change: -1.0 pips
Today Daily change %: -0.00785%
Today Daily Open: 1.2743
Trends:
Previous Daily SMA20: 1.2887
Previous Daily SMA50: 1.2969
Previous Daily SMA100: 1.2977
Previous Daily SMA200: 1.3317
Levels:
Previous Daily High: 1.281
Previous Daily Low: 1.2735
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%: 1.2764
Previous Daily Fibonacci 61.8%: 1.2781
Previous Daily Pivot Point S1: 1.2715
Previous Daily Pivot Point S2: 1.2688
Previous Daily Pivot Point S3: 1.264
Previous Daily Pivot Point R1: 1.279
Previous Daily Pivot Point R2: 1.2837
Previous Daily Pivot Point R3: 1.2865
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.