GBP/USD Technical Analysis: Cable bears coming back on the forefront post-NFP


GBP/USD daily chart

  • GBP/USD is trading just above its 200-day simple moving average.
  • The US nonfarm payrolls (NFP) in January beats expectations with 304K vs. 165K forecast.

GBP/USD 4-hour chart

  • GBP/USD is trading above the 200 SMAs suggesting a bullish bias in the medium-term.
  • However, GBP/USD broke below the 50 SMA which indicates that the GBP bulls might be running out steam.

GBP/USD 30-minute chart

  • GBP/USD is trading below its main SMAs suggesting bearish bias in the near-term. 
  • GBP bears will need to break 1.3050 to reach 1.3000 and 1.2930 to the downside. 
  • GBP/USD bears seem to have retaken control of the market.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.3075
    Today Daily change: -41 pips
    Today Daily change %: -0.31%
    Today Daily Open: 1.3116
Trends:
    Daily SMA20: 1.2938
    Daily SMA50: 1.2789
    Daily SMA100: 1.2901
    Daily SMA200: 1.3046
Levels:
    Previous Daily High: 1.3161
    Previous Daily Low: 1.3098
    Previous Weekly High: 1.3214
    Previous Weekly Low: 1.283
    Previous Monthly High: 1.3214
    Previous Monthly Low: 1.2438
    Daily Fibonacci 38.2%: 1.3137
    Daily Fibonacci 61.8%: 1.3122
    Daily Pivot Point S1: 1.3089
    Daily Pivot Point S2: 1.3061
    Daily Pivot Point S3: 1.3025
    Daily Pivot Point R1: 1.3152
    Daily Pivot Point R2: 1.3189
    Daily Pivot Point R3: 1.3216

 

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