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GBP/USD Technical Analysis: Cable is trapped in a tight 80-pip range

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages.

GBP/USD 4-hour chart

  • GBP/USD bulls are trying to get beyond the 50 SMA. 
  • The 1.2600 figure resisted to bearish attacks.

GBP/USD 30-minute chart

  • GBP/USD is now trapped between the 1.2600 and 1.2680 levels. 
  • A clear break from one of those level is needed to confirm the next directional move.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2665
    Today Daily change: -6.0 pips
    Today Daily change %: -0.0474%
    Today Daily Open: 1.2671
Trends:
    Previous Daily SMA20: 1.2752
    Previous Daily SMA50: 1.2907
    Previous Daily SMA100: 1.2941
    Previous Daily SMA200: 1.3269
Levels:
    Previous Daily High: 1.2672
    Previous Daily Low: 1.2477
    Previous Weekly High: 1.284
    Previous Weekly Low: 1.2659
    Previous Monthly High: 1.3176
    Previous Monthly Low: 1.2723
    Previous Daily Fibonacci 38.2%: 1.2598
    Previous Daily Fibonacci 61.8%: 1.2551
    Previous Daily Pivot Point S1: 1.2541
    Previous Daily Pivot Point S2: 1.2411
    Previous Daily Pivot Point S3: 1.2346
    Previous Daily Pivot Point R1: 1.2736
    Previous Daily Pivot Point R2: 1.2802
    Previous Daily Pivot Point R3: 1.2932

 

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