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

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

EUR/USD stays below 1.0700 after US data

EUR/USD stays below 1.0700 after US data

EUR/USD stays in a consolidation phase below 1.0700 in the early American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.

EUR/USD News

USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom

USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom

USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap. 

USD/JPY News

Gold trades on the back foot, manages to hold above $2,300

Gold trades on the back foot, manages to hold above $2,300

Gold struggles to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to reverse its direction.

Gold News

Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium

Worldcoin looks set for comeback despite Nvidia’s 22% crash

Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.

Read more

Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium

Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out

While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures