GBP/USD Technical Analysis: Cable trading near the daily highs above 1.3050 level


GBP/USD daily chart

  • GBP/USD is trading above the main simple moving averages (SMAs).

GBP/USD 4-hour chart

  • GBP/USD is trading above the 1.3000 figure and the main simple moving averages (SMA) suggesting a bullish bias in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD is trading above the main SMAs suggesting bullish momentum in the short-term.
  • Bulls need to break 1.3100 figure to reach 1.3120, 1.3135 and 1.3185 level to the upside.
  • Support is at 1.3020 and 1.2960 level.

 

Additional key levels:

GBP/USD

Overview:
    Today Last Price: 1.3061
    Today Daily change: 23 pips
    Today Daily change %: 0.18%
    Today Daily Open: 1.3038
Trends:
    Daily SMA20: 1.2997
    Daily SMA50: 1.2858
    Daily SMA100: 1.2879
    Daily SMA200: 1.2997
Levels:
    Previous Daily High: 1.3096
    Previous Daily Low: 1.3026
    Previous Weekly High: 1.2959
    Previous Weekly Low: 1.2773
    Previous Monthly High: 1.3214
    Previous Monthly Low: 1.2438
    Daily Fibonacci 38.2%: 1.3053
    Daily Fibonacci 61.8%: 1.3069
    Daily Pivot Point S1: 1.301
    Daily Pivot Point S2: 1.2983
    Daily Pivot Point S3: 1.2941
    Daily Pivot Point R1: 1.308
    Daily Pivot Point R2: 1.3123
    Daily Pivot Point R3: 1.315

 

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 clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.

EUR/USD News

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

GBP/USD News

Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Week ahead – US GDP and BoJ decision on top of next week’s agenda

Week ahead – US GDP and BoJ decision on top of next week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

Read more

Forex MAJORS

Cryptocurrencies

Signatures