GBP/USD Technical Analysis: Cable constructive near-term as 1.2660 is the potential bull target

Flavio Tosti Independent Analyst

GBP/USD 30-minute chart

GBP/USD bulls are en route to reconquer the 200-period simple moving average.
GBP/USD is set to gain momentum as a break above 1.2600 figure would open the gates to 1.2660 resistance.
On the flip side, a break below 1.2520 might invalidate the bullish bias.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2581
    Today Daily change: -84 pips
    Today Daily change %: -0.663%
    Today Daily Open: 1.2665
Trends:
    Previous Daily SMA20: 1.2746
    Previous Daily SMA50: 1.29
    Previous Daily SMA100: 1.2937
    Previous Daily SMA200: 1.3263
Levels:
    Previous Daily High: 1.2688
    Previous Daily Low: 1.2593
    Previous Weekly High: 1.284
    Previous Weekly Low: 1.2659
    Previous Monthly High: 1.3176
    Previous Monthly Low: 1.2723
    Previous Daily Fibonacci 38.2%: 1.2629
    Previous Daily Fibonacci 61.8%: 1.2651
    Previous Daily Pivot Point S1: 1.2609
    Previous Daily Pivot Point S2: 1.2554
    Previous Daily Pivot Point S3: 1.2515
    Previous Daily Pivot Point R1: 1.2704
    Previous Daily Pivot Point R2: 1.2743
    Previous Daily Pivot Point R3: 1.2798

Author

Flavio Tosti

Independent Analyst

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