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GBP/USD Technical Analysis: Price finds support and retakes the 1.30 hande

  • The GBP/USD price has pushed higher on Friday and pushed past the 1.30 handle.
  • The 1.29 level has been used as support at the technical level and 55 exponential moving average.

GBP/USD Daily Chart

GBP/USD has had a tough time since the election as a harder Brexit was being priced back in.

Now it seems the pair has found support at the 55 daily EMA and the technical support from the internal trendline.

The good news for the GBP bulls is that the 1.30 level has been taken again to the upside.

On the upside, the next resistance could be the 1.3340 level and 1.3515 post-election high.

GBP/USD Analysis

Additional Levels

GBP/USD

Overview
Today last price1.3062
Today Daily Change0.0058
Today Daily Change %0.45
Today daily open1.3004
 
Trends
Daily SMA201.3088
Daily SMA501.2967
Daily SMA1001.2645
Daily SMA2001.2692
 
Levels
Previous Daily High1.3016
Previous Daily Low1.2951
Previous Weekly High1.3423
Previous Weekly Low1.2989
Previous Monthly High1.2986
Previous Monthly Low1.2769
Daily Fibonacci 38.2%1.2991
Daily Fibonacci 61.8%1.2976
Daily Pivot Point S11.2965
Daily Pivot Point S21.2925
Daily Pivot Point S31.2899
Daily Pivot Point R11.303
Daily Pivot Point R21.3056
Daily Pivot Point R31.3096

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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