- GBP/USD is trading higher on Thursday as the US dollar sells off across the board.
- There is a resistance zone and a trendline quite close by that the bulls will need to watch out for.
GBP/USD Daily Chart
Cable is pushing higher today and trades over half a per cent in the black.
The price is headed to a resistance zone that is marked in red on the chart at 1.2966.
This is interesting as the price broke the consolidation low four sessions ago.
The psychological 1.30 could also be important and I am sure the bulls will be watching these resistances closely.
Another sticky point could be the trendline at the top of the chart but the other zones are up first.
|Today last price||1.2935|
|Today Daily Change||0.0067|
|Today Daily Change %||0.52|
|Today daily open||1.2868|
|Previous Daily High||1.2872|
|Previous Daily Low||1.277|
|Previous Weekly High||1.3018|
|Previous Weekly Low||1.2726|
|Previous Monthly High||1.3204|
|Previous Monthly Low||1.2726|
|Daily Fibonacci 38.2%||1.2833|
|Daily Fibonacci 61.8%||1.2809|
|Daily Pivot Point S1||1.2801|
|Daily Pivot Point S2||1.2735|
|Daily Pivot Point S3||1.27|
|Daily Pivot Point R1||1.2903|
|Daily Pivot Point R2||1.2938|
|Daily Pivot Point R3||1.3005|
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