GBP/USD Technical Analysis: Cable reversing daily losses as bulls look at the 1.3000 figure

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GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA). 


	GBP/USD Technical Analysis: Cable reversing daily losses as bulls look at the 1.3000 figure

GBP/USD 4-hour chart

  • GBP/USD is trading above the 200 SMA suggesting a bullish bias in the medium-term.


	GBP/USD Technical Analysis: Cable reversing daily losses as bulls look at the 1.3000 figure

GBP/USD 30-minute chart

  • GBP/USD is trading above its 50 and 100 SMA suggesting potential bullish momentum in the short-term.
  • Bulls have a fair chance to break 1.2990 resistance in order to target 1.3050 to the upside. 


	GBP/USD Technical Analysis: Cable reversing daily losses as bulls look at the 1.3000 figure

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2947
    Today Daily change: 11 pips
    Today Daily change %: 0.09%
    Today Daily Open: 1.2936
Trends:
    Daily SMA20: 1.2987
    Daily SMA50: 1.2805
    Daily SMA100: 1.2895
    Daily SMA200: 1.303
Levels:
    Previous Daily High: 1.298
    Previous Daily Low: 1.2925
    Previous Weekly High: 1.3212
    Previous Weekly Low: 1.3043
    Previous Monthly High: 1.3214
    Previous Monthly Low: 1.2438
    Daily Fibonacci 38.2%: 1.2946
    Daily Fibonacci 61.8%: 1.2959
    Daily Pivot Point S1: 1.2914
    Daily Pivot Point S2: 1.2892
    Daily Pivot Point S3: 1.286
    Daily Pivot Point R1: 1.2969
    Daily Pivot Point R2: 1.3002
    Daily Pivot Point R3: 1.3024

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