GBP/USD Technical Analysis: 1.1280 intraday support in play on Easter Monday

GBP/USD daily chart

  • GBP/USD is trading in a consolidation above its 200-day simple moving average (SMA).
  • Volatility is likely going to be limited on Easter Monday.

GBP/USD 4-hour chart

  • GBP/USD is hovering above 1.2950 key support. 

GBP/USD 30-minute chart

  • The market is trading below its main SMAs suggesting a negative bias in the short-term. 
  • 1.2880 is a key intraday support and a break below would open the gates to 1.2950 level. 
  • Alternatively, a bounce at 1.2880 can lead to a recovery to 1.3000 and 1.3020 level

Additional key levels


Today last price 1.2985
Today Daily Change -0.0004
Today Daily Change % -0.03
Today daily open 1.2989
Daily SMA20 1.3084
Daily SMA50 1.31
Daily SMA100 1.2956
Daily SMA200 1.2966
Previous Daily High 1.3013
Previous Daily Low 1.2982
Previous Weekly High 1.312
Previous Weekly Low 1.2978
Previous Monthly High 1.3384
Previous Monthly Low 1.296
Daily Fibonacci 38.2% 1.3001
Daily Fibonacci 61.8% 1.2994
Daily Pivot Point S1 1.2976
Daily Pivot Point S2 1.2964
Daily Pivot Point S3 1.2945
Daily Pivot Point R1 1.3007
Daily Pivot Point R2 1.3026
Daily Pivot Point R3 1.3038



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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Stable amid trade calm and German stimulus hopes

EUR/USD is trading around 1.1100, marginally higher. President Trump expressed optimism about reaching a trade deal with China while Germany's Scholz opened the door to stimulus. EZ Core CPI is confirmed at 0.9%.


GBP/USD steady below 1.2150 after Yellowhammer leak, as Corbyn calls for no'confidence

GBP/USD is trading below 1.2150 amid reports of food shortages in case of a hard Brexit, project Yellowhammer. Opposition leader Corbyn calls for a no-confidence motion against the government 


USD/JPY bounces off 106.25, focus on Fed minutes, Jackson Hole

USD/JPY bounces off the key support at 106.25 and heads back towards the 106.50 level, in response to downbeat Japanese trade data, risk-on action in the Asian equities and higher Treasury yields.


Gold: Drops to multi-day lows, back below $1500 handle

Meanwhile, technical indicators have been gaining negative traction on hourly charts and support prospects for an extension of the corrective slide back towards testing last week's swing lows.

Gold News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Bullish levels to watch after Binance announces Venus vs. Facebook's Libra

Cryptocurrencies have been advancing once again, with Bitcoin topping $10,500, Ethereum clawing its way back above $200, and Ripple extending its gains.

Read more