GBP/USD Technical Analysis: Constrained in a sluggishly bearish chart pattern, lacking a major trend
|- GBP/USD is seeing apprehensive drift ahead of Friday's major market sessions, knocking into 1.2750 but remaining trapped firmly within
GBP/USD, 5-Minute
- The past couple of weeks have been a ranging affair for the Cable, but swing highs remain capped off at the 1.2800 handle while swing lows continue to tread into fresh territory.
GBP/USD, 30-Minute
- Indecision has marked the Cable for the past couple of months as the major chart pattern squeezes into a sideways pattern, and current action is getting clamped between the 50-period MA at 1.2770 and major support from the 1.2700 handle, but bidders face the field disadvantage with the 200-period MA capping off any breaks to the upside from 1.2850.
GBP/USD, 4-Hour
GBP/USD
Overview:
Today Last Price: 1.2771
Today Daily change: -17 pips
Today Daily change %: -0.133%
Today Daily Open: 1.2788
Trends:
Previous Daily SMA20: 1.2818
Previous Daily SMA50: 1.2938
Previous Daily SMA100: 1.2962
Previous Daily SMA200: 1.3293
Levels:
Previous Daily High: 1.2812
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%: 1.2769
Previous Daily Fibonacci 61.8%: 1.2742
Previous Daily Pivot Point S1: 1.272
Previous Daily Pivot Point S2: 1.2653
Previous Daily Pivot Point S3: 1.2607
Previous Daily Pivot Point R1: 1.2833
Previous Daily Pivot Point R2: 1.2879
Previous Daily Pivot Point R3: 1.2947
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