GBP/USD Technical Analysis: Cable finds support at the October low as 1.2800 becomes the next bull target

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
Cable bears want to reach the August lows at the 1.2661 level.

GBP/USD 4-hour chart

GBP/USD is trading below its main SMAs.
GBP/USD found support at 1.2695, the October low in the New York session.
1.2800 seems to be the next destination for bulls.

GBP/USD 30-minute chart

On smaller time-frames, 1.2700 and 1.2720 remain support.
In the meanwhile, GBP bulls will need to overcome the 1.2760 level and the 50 SMA

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2742
    Today Daily change: -1.0 pips
    Today Daily change %: -0.00785%
    Today Daily Open: 1.2743
Trends:
    Previous Daily SMA20: 1.2887
    Previous Daily SMA50: 1.2969
    Previous Daily SMA100: 1.2977
    Previous Daily SMA200: 1.3317
Levels:
    Previous Daily High: 1.281
    Previous Daily Low: 1.2735
    Previous Weekly High: 1.2864
    Previous Weekly Low: 1.2725
    Previous Monthly High: 1.3176
    Previous Monthly Low: 1.2723
    Previous Daily Fibonacci 38.2%: 1.2764
    Previous Daily Fibonacci 61.8%: 1.2781
    Previous Daily Pivot Point S1: 1.2715
    Previous Daily Pivot Point S2: 1.2688
    Previous Daily Pivot Point S3: 1.264
    Previous Daily Pivot Point R1: 1.279
    Previous Daily Pivot Point R2: 1.2837
    Previous Daily Pivot Point R3: 1.2865

Author

Flavio Tosti

Independent Analyst

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