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GBP/USD technical analysis: Small intraday bounce drives Cable near 1.2141 resistance

  • GBP/USD is consolidating last week gains as the market trades near the 1.2141 resistance.
  • The levels to beat for bears are the 1.2122 and 1.2097 levels.

GBP/USD daily chart

 
The Cable is trading in a bear trend below its main daily simple moving averages (SMAs). The market is consolidating last week's modest advance.
 
GBPUSDDaily

GBP/USD 4-hour chart

 
GBP/USD is trading below 1.2141 resistance and the 100/200 SMAs suggesting a bearish bias in the medium term. The levels to beat for bears are 1.2122, followed by 1.2097 and 1.2065, according to the Technical Confluences Indicator.
 
GBPUSD4h
 

GBP/USD 30-minute chart

 
GBP/USD is losing steam on Monday. Immediate resistances are seen at 1.2141, 1.2154 and the 1.2173 level, according to the Technical Confluences Indicator.
 
GBPUSD30min
 
 
 

Additional key levels

GBP/USD

Overview
Today last price1.2133
Today Daily Change-0.0014
Today Daily Change %-0.12
Today daily open1.2147
 
Trends
Daily SMA201.2205
Daily SMA501.2441
Daily SMA1001.2675
Daily SMA2001.2797
Levels
Previous Daily High1.2176
Previous Daily Low1.2077
Previous Weekly High1.2176
Previous Weekly Low1.2015
Previous Monthly High1.2706
Previous Monthly Low1.2119
Daily Fibonacci 38.2%1.2138
Daily Fibonacci 61.8%1.2115
Daily Pivot Point S11.2091
Daily Pivot Point S21.2035
Daily Pivot Point S31.1992
Daily Pivot Point R11.219
Daily Pivot Point R21.2232
Daily Pivot Point R31.2288

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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