GBP/USD technical analysis: Cable having a small bounce from daily lows, sub-1.2135 resistance


  • GBP/USD is trading off multi-month lows below 1.2135 resistance.
  • A break above 1.2135 can see the correction advance towards 1.2167. 
 

GBP/USD daily chart

 
 
GBP/USD is off multi-month lows trading below its main daily simple moving averages. 
 

GBP/USD 4-hour chart

 
GBP/USD is stabilizing just above 1.2100 support. The bears need a break below the level to reach the next supports at 1.2067 and 1.1998, according to the Technical Confluences Indicator. 
 

GBP/USD 30-minute chart

 
Cable is having a small bounce from the daily lows. The bulls need to break 1.2135 to extend the correction towards 1.2167, according to the Technical Confluences Indicator. 

Additional key levels

GBP/USD

Overview
Today last price 1.2122
Today Daily Change -0.0038
Today Daily Change % -0.31
Today daily open 1.216
 
Trends
Daily SMA20 1.2443
Daily SMA50 1.2575
Daily SMA100 1.2804
Daily SMA200 1.2847
Levels
Previous Daily High 1.225
Previous Daily Low 1.2134
Previous Weekly High 1.2522
Previous Weekly Low 1.2376
Previous Monthly High 1.2706
Previous Monthly Low 1.2119
Daily Fibonacci 38.2% 1.2206
Daily Fibonacci 61.8% 1.2179
Daily Pivot Point S1 1.2113
Daily Pivot Point S2 1.2065
Daily Pivot Point S3 1.1996
Daily Pivot Point R1 1.2229
Daily Pivot Point R2 1.2298
Daily Pivot Point R3 1.2346

 

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

USD/JPY pops and drops on BoJ's expected hold

USD/JPY pops and drops on BoJ's expected hold

USD/JPY reverses a knee-jerk spike to 142.80 and returns to the red below 142.50 after the Bank of Japan announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, as widely expected. Governor Ueda's press conference is next in focus.  

USD/JPY News
AUD/USD bears attack 0.6800 amid PBOC's status-quo, cautious mood

AUD/USD bears attack 0.6800 amid PBOC's status-quo, cautious mood

AUD/USD attacks 0.6800 in Friday's Asian trading, extending its gradual retreat after the PBOC unexpectedly left mortgage lending rates unchanged in September. A cautious market mood also adds to the weight on the Aussie. Fedspeak eyed. 

AUD/USD News
Gold consolidates near record high, bullish potential seems intact

Gold consolidates near record high, bullish potential seems intact

Gold price regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve's decision to start the policy easing cycle with an oversized rate cut.

Gold News
Ethereum rallies over 6% following decision to split Pectra upgrade into two phases

Ethereum rallies over 6% following decision to split Pectra upgrade into two phases

In its Consensus Layer Call on Thursday, Ethereum developers decided to split the upcoming Pectra upgrade into two batches. The decision follows concerns about potential risks in shipping the previously approved series of Ethereum improvement proposals.

Read more
Bank of Japan set to keep rates on hold after July’s hike shocked markets

Bank of Japan set to keep rates on hold after July’s hike shocked markets

The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session. 

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Forex MAJORS

Cryptocurrencies

Signatures