GBP/USD Technical Analysis: Looking for an upside break, but 1.2800 stands in the way
|- Intraday bullish momentum for GBP/USD is beginning to bleed off, and the pair is struggling to break decisively higher, and the nearby 1.2800 major handle could prove to be significant resistance looking forward.
GBP/USD, 15-Minute
- The Sterling is testing into a significant turnaround zone from the 1.2800 zone, and exaggerated moves from last week are breaking hourly candle technical setups as the Cable looks to move further upwards in choppy action.
GBP/USD, 1-Hour
- GBP/USD has been grinding out a medium-term higher low on 4-hour candles, halting the slow slide from 2018's fourth quarter, but bullish momentum remains limited unless bidders can force a break into and through the major resistance zone from 1.2790 - 1.2850.
GBP/USD, 4-Hour
GBP/USD
Overview:
Today Last Price: 1.2774
Today Daily change: 4.0 pips
Today Daily change %: 0.0313%
Today Daily Open: 1.277
Trends:
Previous Daily SMA20: 1.2661
Previous Daily SMA50: 1.2773
Previous Daily SMA100: 1.2897
Previous Daily SMA200: 1.3149
Levels:
Previous Daily High: 1.2788
Previous Daily Low: 1.2707
Previous Weekly High: 1.2815
Previous Weekly Low: 1.2438
Previous Monthly High: 1.284
Previous Monthly Low: 1.2477
Previous Daily Fibonacci 38.2%: 1.2757
Previous Daily Fibonacci 61.8%: 1.2738
Previous Daily Pivot Point S1: 1.2722
Previous Daily Pivot Point S2: 1.2674
Previous Daily Pivot Point S3: 1.2642
Previous Daily Pivot Point R1: 1.2803
Previous Daily Pivot Point R2: 1.2835
Previous Daily Pivot Point R3: 1.2883
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