GBP/USD Price Analysis: Buyers stay hopeful above 1.3195 support confluence

GBP/USD prints four-day winning streak, recently picking up bids from 1.3144.
10-day SMA, two-week-old rising trend line offer near-term strong support.
Monthly top, September high stay on the bulls’ radars.

Anil Panchal FXStreet

GBP/USD ticks up to 1.3260, gaining 0.06% intraday, during the pre-Tokyo open trading on Wednesday. In doing so, the Cable keeps Friday’s recovery moves from 10-day SMA and an ascending trend line from November 02 amid bullish MACD signals.

GBP/USD buyers currently eye the 1.3300 round-figure ahead of targeting the monthly peak surrounding 1.3315.

During the quote’s sustained rise past-1.3315, the 1.3400 threshold can offer an intermediate halt before propelling the bulls toward September’s high near 1.3485.

Alternatively, a daily closing below 1.3195 support joint can quickly challenge the previous week’s low near 1.3105.

Though, the 1.3100 mark may stop the GBP/USD bears from attacking the monthly low of 1.2854.

GBP/USD daily chart

Trend: Bullish

Additional important levels

Overview
Today last price	1.326
Today Daily Change	63 pips
Today Daily Change %	0.48%
Today daily open	1.3197

Trends
Daily SMA20	1.3075
Daily SMA50	1.2969
Daily SMA100	1.2949
Daily SMA200	1.2714

Levels
Previous Daily High	1.3242
Previous Daily Low	1.3166
Previous Weekly High	1.3314
Previous Weekly Low	1.3107
Previous Monthly High	1.3177
Previous Monthly Low	1.282
Daily Fibonacci 38.2%	1.3213
Daily Fibonacci 61.8%	1.3195
Daily Pivot Point S1	1.3161
Daily Pivot Point S2	1.3125
Daily Pivot Point S3	1.3084
Daily Pivot Point R1	1.3238
Daily Pivot Point R2	1.3279
Daily Pivot Point R3	1.3315

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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