GBP/USD technical analysis: Cablet range play intact near 1.2750 post-US inflation

  • The American Core Consumer Price Index (YoY) came slightly below expecations at 2.1% vs. 2% forecast. 
  • The news had a limited reaction on Cable.

GBP/USD daily chart

GBP/USD is in consolidation mode after the intense selling seen in May. The recovery is for now capped at 1.2750 resistance.

GBP/USD 4-hour chart

Cable is challenging 1.2750 while above its 50 and 100 SMA suggesting a consolidation for the time being.

GBP/USD 30-minute chart

The range theme stays intact as GBP/USD is trading between the 1.2650 and 1.2750 levels. Buyers need a break beyond 1.2750 to get to 1.2800 while bears need a breakdown below 1.2700 to reach 1.2650 and 1.2600 figure.

Additional key levels


Today last price 1.274
Today Daily Change 0.0016
Today Daily Change % 0.13
Today daily open 1.2724
Daily SMA20 1.2696
Daily SMA50 1.2892
Daily SMA100 1.2995
Daily SMA200 1.2944
Previous Daily High 1.2733
Previous Daily Low 1.267
Previous Weekly High 1.2763
Previous Weekly Low 1.261
Previous Monthly High 1.3178
Previous Monthly Low 1.2559
Daily Fibonacci 38.2% 1.2709
Daily Fibonacci 61.8% 1.2694
Daily Pivot Point S1 1.2685
Daily Pivot Point S2 1.2646
Daily Pivot Point S3 1.2621
Daily Pivot Point R1 1.2748
Daily Pivot Point R2 1.2772
Daily Pivot Point R3 1.2811



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