GBP/USD technical analysis: Sterling ending the week flirting with the 1.3000 handle


  • The Cable is breaking to new daily highs to 1.2964 after the London close. 
  • The level to beat for bulls is the 1.3000 handle. 
 

GBP/USD daily chart

 
 
The Sterling, on the daily chart, is surging above the main daily simple moving averages (DSMAs). GBP/USD is trading at levels not seen since mid-May 2019. 
 
 

GBP/USD four-hour chart

 
GBP/USD broke above the 1.2934 resistance as the market is trying to reach the 1.3000 round number. Next week the market will likely try to move beyond this psychological resistance to drive the market towards 1.3043 and the 1.3100 handle. 
 
 

GBP/USD 30-minute chart

 
 
GBP/USD is trading above its main SMAs, suggesting bullish momentum in the near term. Support is seen at the 1.2930/1.2908 zone, 1.2842 and 1.2800 price levels, according to the Technical Confluences Indicator
 
 

Additional key levels

GBP/USD

Overview
Today last price 1.2953
Today Daily Change 0.0063
Today Daily Change % 0.49
Today daily open 1.289
 
Trends
Daily SMA20 1.2442
Daily SMA50 1.2322
Daily SMA100 1.2418
Daily SMA200 1.2715
 
Levels
Previous Daily High 1.299
Previous Daily Low 1.2749
Previous Weekly High 1.2707
Previous Weekly Low 1.2194
Previous Monthly High 1.2583
Previous Monthly Low 1.1958
Daily Fibonacci 38.2% 1.2898
Daily Fibonacci 61.8% 1.2841
Daily Pivot Point S1 1.2763
Daily Pivot Point S2 1.2635
Daily Pivot Point S3 1.2521
Daily Pivot Point R1 1.3004
Daily Pivot Point R2 1.3118
Daily Pivot Point R3 1.3245

 

 

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