GBP/USD Technical Analysis: Sterling ending the week near 1.2930 level

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 between the 100 and 200 SMA suggesting a sideways market in the medium-term.

GBP/USD 30-minute chart

GBP/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
A breakdown below the 1.2930 support could lead to a drop to 1.2860 and 1.2800 figure.
The level to beat for bulls is 1.2990 resistance in order to target 1.3050 to the upside.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2934
    Today Daily change: -15 pips
    Today Daily change %: -0.12%
    Today Daily Open: 1.2949
Trends:
    Daily SMA20: 1.2997
    Daily SMA50: 1.2808
    Daily SMA100: 1.2892
    Daily SMA200: 1.3027
Levels:
    Previous Daily High: 1.2997
    Previous Daily Low: 1.2854
    Previous Weekly High: 1.3212
    Previous Weekly Low: 1.3043
    Previous Monthly High: 1.3214
    Previous Monthly Low: 1.2438
    Daily Fibonacci 38.2%: 1.2942
    Daily Fibonacci 61.8%: 1.2908
    Daily Pivot Point S1: 1.287
    Daily Pivot Point S2: 1.2791
    Daily Pivot Point S3: 1.2727
    Daily Pivot Point R1: 1.3012
    Daily Pivot Point R2: 1.3076
    Daily Pivot Point R3: 1.3155

Author

Flavio Tosti

Independent Analyst

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