fxs_header_sponsor_anchor

News

GBP/USD technical analysis: Intraday rollercoaster settles near the 1.2135 level

  • GBP/USD bear trend remains for the moment intact.
  • The levels to beat for bears are seen at 1.2135 and 1.2082 supports.
 

 

GBP/USD daily chart

 
Cable is under bearish pressure near multi-month lows as the market is trading below its main daily simple moving averages (DSMAs). 
 

GBP/USD 4-hour chart

 
GBP/USD is trading below its main SMAs, suggesting bearish momentum in the near term. Bears attempted to break below the 1.2116 support in the New York session. A clear break below this level is necessary for the market to depreciate towards 1.2082, 1.2060, 1.2035 and the 1.2000 figure, according to the Technical Confluences Indicator.
 

GBP/USD 30-minute chart

 
Cable is volatile this Thursday as the market had a sharp reaction up from the daily lows. Spot is settling in the 1.2135-1.2154 range as the London session comes to an end. Immediate resistance can be seen near 1.2154, 1.2186 and the 1.2212 levels.
 

Additional key levels

GBP/USD

Overview
Today last price 1.2137
Today Daily Change -0.0005
Today Daily Change % -0.04
Today daily open 1.2142
 
Trends
Daily SMA20 1.2351
Daily SMA50 1.2523
Daily SMA100 1.2749
Daily SMA200 1.2831
Levels
Previous Daily High 1.2192
Previous Daily Low 1.2121
Previous Weekly High 1.2384
Previous Weekly Low 1.208
Previous Monthly High 1.2706
Previous Monthly Low 1.2119
Daily Fibonacci 38.2% 1.2148
Daily Fibonacci 61.8% 1.2165
Daily Pivot Point S1 1.2111
Daily Pivot Point S2 1.2081
Daily Pivot Point S3 1.204
Daily Pivot Point R1 1.2182
Daily Pivot Point R2 1.2223
Daily Pivot Point R3 1.2253

 

 

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.


RELATED CONTENT

Loading ...



Copyright © 2026 FOREXSTREET S.L., All rights reserved.