GBP/USD Technical Analysis: Sterling confined in a small range near 1.2800 figure

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).

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

GBP/USD is trading between the 50 and 100 SMA suggesting a sideways to a bearish market.
To the downside, support is seen at 1.2780 and 1.2740 level
Next week bulls will likely try to break above 1.2880 to reach 1.2960 figure to the upside.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2818
    Today Daily change: 26 pips
    Today Daily change %: 0.20%
    Today Daily Open: 1.2792
Trends:
    Daily SMA20: 1.299
    Daily SMA50: 1.2821
    Daily SMA100: 1.2879
    Daily SMA200: 1.301
Levels:
    Previous Daily High: 1.2878
    Previous Daily Low: 1.2773
    Previous Weekly High: 1.3103
    Previous Weekly Low: 1.2854
    Previous Monthly High: 1.3214
    Previous Monthly Low: 1.2438
    Daily Fibonacci 38.2%: 1.2813
    Daily Fibonacci 61.8%: 1.2838
    Daily Pivot Point S1: 1.2751
    Daily Pivot Point S2: 1.2709
    Daily Pivot Point S3: 1.2645
    Daily Pivot Point R1: 1.2856
    Daily Pivot Point R2: 1.292
    Daily Pivot Point R3: 1.2962

Author

Flavio Tosti

Independent Analyst

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