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.

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

 

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