GBP/USD Price Analysis: Prints three-day winning streak to attack 1.3100

GBP/USD seesaws in a choppy range between 1.3091 and 1.3107.
Overbought RSI, bearish MACD favor the sellers, a sustained trading past-10-day EMA lures the buyers.
Bulls will have multiple upside barriers beyond 1.3100.

Anil Panchal FXStreet

GBP/USD picks up the bids near 1.3100, up 0.10% on a day, during the early Monday’s trading. The Cable stays beyond 10-day EMA for the third day in a row while also flashing three-day winning streak by the press time.

Even so, RSI and MACD are both against the further run-up, which in turn pushes sellers to look for any downside past-1.3055, comprising 10-day EMA, for entries.

While 1.3000 and the monthly low around 1.2980 can offer an additional filter to the south, an ascending trend line from June 30, at 1.2885 now, becomes the key support to watch.

On the upside, 1.3140 and the monthly top around 1.3185 can offer nearby resistance to the pair ahead of the March month’s peak surrounding 1.3200.

GBP/USD daily chart

Trend: Pullback expected

Additional important levels

Overview
Today last price	1.3098
Today Daily Change	12 pips
Today Daily Change %	0.09%
Today daily open	1.3086

Trends
Daily SMA20	1.2971
Daily SMA50	1.2705
Daily SMA100	1.2544
Daily SMA200	1.2715

Levels
Previous Daily High	1.3143
Previous Daily Low	1.3048
Previous Weekly High	1.3143
Previous Weekly Low	1.3006
Previous Monthly High	1.317
Previous Monthly Low	1.236
Daily Fibonacci 38.2%	1.3107
Daily Fibonacci 61.8%	1.3084
Daily Pivot Point S1	1.3042
Daily Pivot Point S2	1.2998
Daily Pivot Point S3	1.2948
Daily Pivot Point R1	1.3136
Daily Pivot Point R2	1.3187
Daily Pivot Point R3	1.3231

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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