GBP/USD Technical Analysis: Cable bulls set to revisit 1.2800 figure before the weekend

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
GBP/USD is in a tight trading range for the 10th consecutive day at the November lows.

GBP/USD 4-hour chart

GBP/USD is trading below its main SMAs.
Technical indicators are slightly negative.

GBP/USD 30-minute chart

As forecast GBP/USD dropped near 1.2720 level.
GBP/USD is set to stay supported for the remainder of the day with a potential bull target near 1.2800 figure.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2757
    Today Daily change: -23 pips
    Today Daily change %: -0.180%
    Today Daily Open: 1.278
Trends:
    Previous Daily SMA20: 1.2898
    Previous Daily SMA50: 1.2976
    Previous Daily SMA100: 1.2982
    Previous Daily SMA200: 1.3323
Levels:
    Previous Daily High: 1.2852
    Previous Daily Low: 1.2755
    Previous Weekly High: 1.2928
    Previous Weekly Low: 1.2764
    Previous Monthly High: 1.326
    Previous Monthly Low: 1.2696
    Previous Daily Fibonacci 38.2%: 1.2792
    Previous Daily Fibonacci 61.8%: 1.2815
    Previous Daily Pivot Point S1: 1.274
    Previous Daily Pivot Point S2: 1.2699
    Previous Daily Pivot Point S3: 1.2643
    Previous Daily Pivot Point R1: 1.2836
    Previous Daily Pivot Point R2: 1.2892
    Previous Daily Pivot Point R3: 1.2932

Author

Flavio Tosti

Independent Analyst

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