GBP/USD Technical Analysis: The Sterling is trapped just above 1.3200

The Sterling has coiled into a tight consolidation range through Friday's early Asian action as the pair winds into the end-week's European markets.
The week's swing highs are representing significant resistance for the pair, despite the GBP's overall impressive performance this week, fueled by Brexit hopes bolstering the Cable.
The Cable is being supported by a rising 200-hour moving average, with the 50-hour EMA keeping the pair on the upside from the 1.3200 major level.

Joshua Gibson FXStreet

GBP/USD Chart, 15-Minute

GBP/USD

Overview:
    Last Price: 1.323
    Daily change: -4.0 pips
    Daily change: -0.0302%
    Daily Open: 1.3234
Trends:
    Daily SMA20: 1.311
    Daily SMA50: 1.2979
    Daily SMA100: 1.3102
    Daily SMA200: 1.3492
Levels:
    Daily High: 1.3248
    Daily Low: 1.3181
    Weekly High: 1.3123
    Weekly Low: 1.2922
    Monthly High: 1.33
    Monthly Low: 1.2897
    Daily Fibonacci 38.2%: 1.3223
    Daily Fibonacci 61.8%: 1.3207
    Daily Pivot Point S1: 1.3194
    Daily Pivot Point S2: 1.3154
    Daily Pivot Point S3: 1.3126
    Daily Pivot Point R1: 1.3261
    Daily Pivot Point R2: 1.3288
    Daily Pivot Point R3: 1.3329

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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