GBP/USD technical analysis: Cable off daily highs trading near 1.2875 level

Flavio Tosti Independent Analyst

The Cable is consolidating the recent gains trading just below the 1.2900 handle.
The level to beat for bulls is the 1.2900 figure followed by the 1.3000 round number.

GBP/USD daily chart

The Pound, on the daily time frame, is spiking above its main daily simple moving averages (DSMAs). GBP/USD is trading at levels last seen in mid-May 2019.

GBP/USD four-hour chart

GBP/USD is currently trading below the 1.2900 level. A break above this level is necessary for a re-test of the 1.3000 handle.

GBP/USD 30-minute chart

GBP/USD is trading above the main SMAs, suggesting bullish momentum in the near term. Support is seen at the 1.2840 and 1.2800 price levels, according to the Technical Confluences Indicator.

Additional key levels

GBP/USD

Overview
Today last price	1.2888
Today Daily Change	-0.0002
Today Daily Change %	-0.02
Today daily open	1.289

Trends
Daily SMA20	1.2442
Daily SMA50	1.2322
Daily SMA100	1.2418
Daily SMA200	1.2715

Levels
Previous Daily High	1.299
Previous Daily Low	1.2749
Previous Weekly High	1.2707
Previous Weekly Low	1.2194
Previous Monthly High	1.2583
Previous Monthly Low	1.1958
Daily Fibonacci 38.2%	1.2898
Daily Fibonacci 61.8%	1.2841
Daily Pivot Point S1	1.2763
Daily Pivot Point S2	1.2635
Daily Pivot Point S3	1.2521
Daily Pivot Point R1	1.3004
Daily Pivot Point R2	1.3118
Daily Pivot Point R3	1.3245

Author

Flavio Tosti

Independent Analyst

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