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

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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