GBP/USD technical analysis: Cable holding above the 1.2700 handle
|- GBP/USD is in a small correction down holding above 1.2700 handle.
- Support is seen at 1.2700 and 1.2660 according to the Technical Confluences Indicator.
GBP/USD daily chart
GBP/USD is trading in a bear trend below its main daily simple moving averages. (DSMAs) The market is currently finding some resistance below the 1.2800 handle.
GBP/USD 4-hour chart
Cable is trading above its main SMAs suggesting bullish momentum in the near term. The next resistances to the upside are located at 1.2800 and 1.2825 according to the Technical Confluences Indicator.
GBP/USD 30-minute chart
GBP/USD is trading below the 50 SMA suggesting a potential correction down in the near term. Support is at the 1.2700 and 1.2660 levels according to the Technical Confluences Indicator.
Additional key levels
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.