Our best spreads and conditions
Learn more
Forex News
Back
Dec 18, 2018
GBP/USD Technical Analysis: Move beyond 200-hour SMA sets the stage for a test of 1.2700 handle
• After yesterday's late retracement, the pair regained positive traction on Tuesday and has now broken through over one-week-old descending trend-line resistance.
• Bullish technical indicators on the 1-hourly chart coupled with a sustained move beyond 200-hour SMA sets the stage for additional intraday positive momentum.
• Only a decisive weakness back below the descending trend-line resistance break-point, currently near the 1.2630-20 region, might negate the constructive outlook.
GBP/USD 1-hourly chart
-636807176819844686.png)
GBP/USD
Overview:
Today Last Price: 1.266
Today Daily change: 49 pips
Today Daily change %: 0.389%
Today Daily Open: 1.2611
Trends:
Previous Daily SMA20: 1.2722
Previous Daily SMA50: 1.288
Previous Daily SMA100: 1.2926
Previous Daily SMA200: 1.325
Levels:
Previous Daily High: 1.2647
Previous Daily Low: 1.2574
Previous Weekly High: 1.276
Previous Weekly Low: 1.2477
Previous Monthly High: 1.3176
Previous Monthly Low: 1.2723
Previous Daily Fibonacci 38.2%: 1.2619
Previous Daily Fibonacci 61.8%: 1.2602
Previous Daily Pivot Point S1: 1.2574
Previous Daily Pivot Point S2: 1.2537
Previous Daily Pivot Point S3: 1.25
Previous Daily Pivot Point R1: 1.2648
Previous Daily Pivot Point R2: 1.2684
Previous Daily Pivot Point R3: 1.2721