GBP/USD Technical Analysis: Cable break above 1.2850 resistance as more upside is on the cards

Flavio Tosti Independent Analyst

GBP/USD 4-hour chart

GBP/USD is trading in a bear trend below the 4-hour chart.
GBP/USD broke above the 1.2850 resistance level as technical indicators are starting to pick up steam.
GBP/USD found strong buying interest at the November low opening the doors to a pullback up to the 1.2950 level.

Additional key levels at a glance:

GBP/USD

Overview:
    Last Price: 1.2854
    Daily change: 76 pips
    Daily change: 0.595%
    Daily Open: 1.2778
Trends:
    Daily SMA20: 1.2934
    Daily SMA50: 1.3033
    Daily SMA100: 1.3023
    Daily SMA200: 1.3379
Levels:
    Daily High: 1.3032
    Daily Low: 1.2724
    Weekly High: 1.3176
    Weekly Low: 1.2958
    Monthly High: 1.326
    Monthly Low: 1.2696
    Daily Fibonacci 38.2%: 1.2841
    Daily Fibonacci 61.8%: 1.2914
    Daily Pivot Point S1: 1.2657
    Daily Pivot Point S2: 1.2537
    Daily Pivot Point S3: 1.235
    Daily Pivot Point R1: 1.2965
    Daily Pivot Point R2: 1.3152
    Daily Pivot Point R3: 1.3273

Author

Flavio Tosti

Independent Analyst

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