GBP/USD Technical Analysis: Cable trading in the middle of its YTD range near 1.2900 figure

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading in the middle of its year-to-date (YTD) range as the market retraced 50% from the January-March swing up.

GBP/USD 4-hour chart

GBP/USD is trading below its main SMAs suggesting a bearish momentum in the medium-term.

GBP/USD 30-minute chart

The market is trading below its 100 and SMAs suggesting a bearish bias in the short-term.
Bulls made three attempts to break above 1.2950 but they were capped by the 100 SMA.
GBP/USD continues to trade on the defensive with 1.2930 and 1.2900 acting as main intraday support to the downside.

Additional key levels

GBP/USD

Overview
Today last price	1.2939
Today Daily Change	0.0003
Today Daily Change %	0.02
Today daily open	1.2936

Trends
Daily SMA20	1.306
Daily SMA50	1.3103
Daily SMA100	1.2961
Daily SMA200	1.2964

Levels
Previous Daily High	1.302
Previous Daily Low	1.2927
Previous Weekly High	1.312
Previous Weekly Low	1.2978
Previous Monthly High	1.3384
Previous Monthly Low	1.296
Daily Fibonacci 38.2%	1.2962
Daily Fibonacci 61.8%	1.2984
Daily Pivot Point S1	1.2902
Daily Pivot Point S2	1.2868
Daily Pivot Point S3	1.281
Daily Pivot Point R1	1.2995
Daily Pivot Point R2	1.3053
Daily Pivot Point R3	1.3087

Author

Flavio Tosti

Independent Analyst

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