GBP/USD Technical Analysis: Sterling hanging in the middle-of-nowhere

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 below the main SMAs suggesting a bearish bias. However, GBP/USD has been ranging for the last 5 days, which equally suggests a sideways market in the short-term.
  • To the downside, support is seen at 1.2840 and 1.2800 figure.
  • Bulls have to break above 1.2880 to reach 1.2960 figure to the upside.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2862
    Today Daily change: -34 pips
    Today Daily change %: -0.26%
    Today Daily Open: 1.2896
Trends:
    Daily SMA20: 1.3002
    Daily SMA50: 1.2819
    Daily SMA100: 1.2885
    Daily SMA200: 1.3017
Levels:
    Previous Daily High: 1.291
    Previous Daily Low: 1.2833
    Previous Weekly High: 1.3103
    Previous Weekly Low: 1.2854
    Previous Monthly High: 1.3214
    Previous Monthly Low: 1.2438
    Daily Fibonacci 38.2%: 1.288
    Daily Fibonacci 61.8%: 1.2862
    Daily Pivot Point S1: 1.2849
    Daily Pivot Point S2: 1.2802
    Daily Pivot Point S3: 1.2771
    Daily Pivot Point R1: 1.2926
    Daily Pivot Point R2: 1.2957
    Daily Pivot Point R3: 1.3003

 

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