GBP/USD technical analysis: Cable paring some intraday losses near 1.2700 figure

GBP/USD is in consolidation mode.
Bulls need a breakout above 1.2750 to get out of the woods.
Earlier in the London session, Industrial and Manufacturing production data disappointed weakening GBP.

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is consolidating the bear run seen in May. The recovery is for now capped at the 1.2750 resistance.

GBP/USD 4-hour chart

Cable is trading above the 50 and 100 SMA suggesting a potential bullish bias in the medium term.

GBP/USD 30-minute chart

Cable is trading in the 1.2650-1.2750 range. Bulls need a break above 1.2750 to reach 1.2800 while bears need a breakdown below 1.2650 to reach 1.2600 figure.

Additional key levels

GBP/USD

Overview
Today last price	1.2692
Today Daily Change	-0.0045
Today Daily Change %	-0.35
Today daily open	1.2737

Trends
Daily SMA20	1.2718
Daily SMA50	1.2908
Daily SMA100	1.3
Daily SMA200	1.2945

Levels
Previous Daily High	1.2763
Previous Daily Low	1.2688
Previous Weekly High	1.2763
Previous Weekly Low	1.261
Previous Monthly High	1.3178
Previous Monthly Low	1.2559
Daily Fibonacci 38.2%	1.2734
Daily Fibonacci 61.8%	1.2717
Daily Pivot Point S1	1.2696
Daily Pivot Point S2	1.2654
Daily Pivot Point S3	1.2621
Daily Pivot Point R1	1.2771
Daily Pivot Point R2	1.2804
Daily Pivot Point R3	1.2846

Author

Flavio Tosti

Independent Analyst

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.