GBP/USD Technical Analysis: No end in sight for December's consolidation range
- After jaunts up and down the charts, GBP/USD finds itself trading the week roughly back where it started, near 1.2650.

GBP/USD, 15-Minute
- December has been hall-marked by consolidation for the Cable, broken up by frequent whipsaws that tend to go nowhere over time, leaving the major pair biased towards the middle.
GBP/USD, 1-Hour
- The previous quarter shows GBP/USD in a firm downtrend, likely due to continuous bearish pressure from Brexit proceedings, and although the last couple of swing lows could be supporting a medium-term bullish reversal, traders will be waiting for a decisive break of levels beyond 1.2700 before hopping into any major bidding positions.
GBP/USD, 4-Hour
GBP/USD
Overview:
Today Last Price: 1.2636
Today Daily change: 1.0 pips
Today Daily change %: 0.00791%
Today Daily Open: 1.2635
Trends:
Previous Daily SMA20: 1.265
Previous Daily SMA50: 1.2775
Previous Daily SMA100: 1.2898
Previous Daily SMA200: 1.3162
Levels:
Previous Daily High: 1.2648
Previous Daily Low: 1.2438
Previous Weekly High: 1.2778
Previous Weekly Low: 1.2616
Previous Monthly High: 1.284
Previous Monthly Low: 1.2477
Previous Daily Fibonacci 38.2%: 1.2568
Previous Daily Fibonacci 61.8%: 1.2518
Previous Daily Pivot Point S1: 1.2499
Previous Daily Pivot Point S2: 1.2363
Previous Daily Pivot Point S3: 1.2289
Previous Daily Pivot Point R1: 1.271
Previous Daily Pivot Point R2: 1.2784
Previous Daily Pivot Point R3: 1.292
Author

Joshua Gibson
FXStreet
Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.




















