GBP/USD technical analysis: Cable trading at five-day highs above the 1.2360 level


  • GBP/USD is easing from daily highs after the London close.
  • The level to beat for buyers is the 1.2420 resistance. 
 

GBP/USD daily chart

 
 
The Sterling is trading in a downtrend below its 100 and 200-day simple moving averages (DSMAs). US weakness and positive Brexit news gave GBP/USD a boost this Thursday. 
 
 
 

GBP/USD four-hour chart

 
GBP/USD is trading above the 50 and 200 SMAs, suggesting a bullish bias in the medium term. A break above 1.2420 and the 100 SMA would expose the 1.2450 and 1.2480 resistances, according to the Technical Confluences Indicator.
 

GBP/USD 30-minute 

 
The Pound/US Dollar exchange rate is trading above the main SMAs on the 30-minute chart, suggesting a bullish bias in the short term. Immediate supports are seen at the 1.2360 and 1.2340 levels, according to the Technical Confluences Indicator.
 
 

Additional key levels

GBP/USD

Overview
Today last price 1.2372
Today Daily Change 0.0074
Today Daily Change % 0.60
Today daily open 1.2298
 
Trends
Daily SMA20 1.2383
Daily SMA50 1.2256
Daily SMA100 1.2438
Daily SMA200 1.2726
 
Levels
Previous Daily High 1.2325
Previous Daily Low 1.2227
Previous Weekly High 1.2504
Previous Weekly Low 1.2271
Previous Monthly High 1.2583
Previous Monthly Low 1.1958
Daily Fibonacci 38.2% 1.2264
Daily Fibonacci 61.8% 1.2287
Daily Pivot Point S1 1.2242
Daily Pivot Point S2 1.2185
Daily Pivot Point S3 1.2144
Daily Pivot Point R1 1.234
Daily Pivot Point R2 1.2381
Daily Pivot Point R3 1.2437

 

 

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