GBP/USD Technical Analysis: Intraday rebound capped at 1.2920 resistance

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading below its main SMAs suggesting an overall bearish bias.

GBP/USD 4-hour chart

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

GBP/USD 30-minute chart

The market is having a rebound from the 1.2860 support but remained capped below the 1.2920 resistance and the 50 SMA.
The bias remains bearish on the Cable as the level to beat for bears is at 1.2860 and 1.2820 to the downside.
Resistances are at 1.2920 and 1.2950 level.

Additional key levels

GBP/USD

Overview
Today last price	1.2906
Today Daily Change	0.0003
Today Daily Change %	0.02
Today daily open	1.2903

Trends
Daily SMA20	1.3045
Daily SMA50	1.3104
Daily SMA100	1.2963
Daily SMA200	1.2963

Levels
Previous Daily High	1.2964
Previous Daily Low	1.2888
Previous Weekly High	1.312
Previous Weekly Low	1.2978
Previous Monthly High	1.3384
Previous Monthly Low	1.296
Daily Fibonacci 38.2%	1.2917
Daily Fibonacci 61.8%	1.2935
Daily Pivot Point S1	1.2873
Daily Pivot Point S2	1.2842
Daily Pivot Point S3	1.2797
Daily Pivot Point R1	1.2948
Daily Pivot Point R2	1.2994
Daily Pivot Point R3	1.3024

Author

Flavio Tosti

Independent Analyst

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