GBP/USD Technical Analysis: Cable trading just below the 1.2900 figure as bulls challenge the 100-day simple moving average

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below its 200-period simple moving averages (SMAs). 
  • GBP/USD traders are challenging the 1.2900 figure and the 100 DSMA (Daily SMA).

GBP/USD 4-hour chart

  • GBP/USD is near monthly highs as it is trading above its main SMAs.

GBP/USD 30-minute chart

  • GBP/USD is trading above its main SMAs as bulls want to break above the 1.2900 figure.
  • A break above the current resistance would open the doors to 1.3000 the figure.
  • Alternatively, if bears resume the main bear trend the 1.2800 level is the bearish target followed by 1.2720 in the coming sessions.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2862
    Today Daily change: 16 pips
    Today Daily change %: 0.125%
    Today Daily Open: 1.2846
Trends:
    Previous Daily SMA20: 1.2696
    Previous Daily SMA50: 1.2766
    Previous Daily SMA100: 1.2894
    Previous Daily SMA200: 1.3124
Levels:
    Previous Daily High: 1.2866
    Previous Daily Low: 1.271
    Previous Weekly High: 1.2866
    Previous Weekly Low: 1.2704
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Previous Daily Fibonacci 38.2%: 1.2807
    Previous Daily Fibonacci 61.8%: 1.277
    Previous Daily Pivot Point S1: 1.2748
    Previous Daily Pivot Point S2: 1.2651
    Previous Daily Pivot Point S3: 1.2592
    Previous Daily Pivot Point R1: 1.2905
    Previous Daily Pivot Point R2: 1.2964
    Previous Daily Pivot Point R3: 1.3061

 

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