GBP/USD Technical Analysis: Headed back towards challenging 200-hour SMA stiff resistance
|• The pair finally broke out of its Asian session consolidation phase and was now seen building on the momentum further beyond the 1.2600 handle.
• Technical indicators on the 1-hourly chart have been gaining traction and remained supportive of the ongoing up-move amid a modest USD retracement.
• However, oscillators on 4-hourly/daily charts are yet to move out of the bearish territory and hence, any subsequent might remain capped near the 200-hour SMA.
GBP/USD 1-hourly chart
GBP/USD
Overview:
Today Last Price: 1.2627
Today Daily change: 46 pips
Today Daily change %: 0.366%
Today Daily Open: 1.2581
Trends:
Previous Daily SMA20: 1.2734
Previous Daily SMA50: 1.2889
Previous Daily SMA100: 1.2931
Previous Daily SMA200: 1.3256
Levels:
Previous Daily High: 1.2676
Previous Daily Low: 1.2529
Previous Weekly High: 1.276
Previous Weekly Low: 1.2477
Previous Monthly High: 1.3176
Previous Monthly Low: 1.2723
Previous Daily Fibonacci 38.2%: 1.2585
Previous Daily Fibonacci 61.8%: 1.262
Previous Daily Pivot Point S1: 1.2515
Previous Daily Pivot Point S2: 1.2449
Previous Daily Pivot Point S3: 1.2369
Previous Daily Pivot Point R1: 1.2662
Previous Daily Pivot Point R2: 1.2742
Previous Daily Pivot Point R3: 1.2808
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