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GBP/USD Technical Analysis: Recent upmoves to remain capped by descending channel

  • Intraday action on GBP/USD continues to drift towards the middle as the pair remains constrained within recent highs and lows. 
  • Tuesday's peak-and-drop saw the pair fail to mark in territory north of the key 1.2700 handle, leaving the pair exposed to further downside.

GBP/USD, 5-Minute

  • The Cable is seeing higher lows as the US Dollar drifts across the board, but GBP bidders have been unable to push the pair over key resistance.

GBP/USD, 30-Minute

  • 4-hour candlesticks show GBP/USD 'falling up' back into a descending channel from last week's bottom near 1.2450, but key resistance has the pair remaining restricted by the upper bound of the Cable's descending trendline.

GBP/USD, 4-Hour

GBP/USD

Overview:
    Today Last Price: 1.2656
    Today Daily change: 19 pips
    Today Daily change %: 0.150%
    Today Daily Open: 1.2637
Trends:
    Previous Daily SMA20: 1.2714
    Previous Daily SMA50: 1.287
    Previous Daily SMA100: 1.2921
    Previous Daily SMA200: 1.3244
Levels:
    Previous Daily High: 1.2706
    Previous Daily Low: 1.2608
    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%: 1.2669
    Previous Daily Fibonacci 61.8%: 1.2646
    Previous Daily Pivot Point S1: 1.2594
    Previous Daily Pivot Point S2: 1.2552
    Previous Daily Pivot Point S3: 1.2496
    Previous Daily Pivot Point R1: 1.2693
    Previous Daily Pivot Point R2: 1.2749
    Previous Daily Pivot Point R3: 1.2791

 

FX option expiries for Dec 19 NY cut

FX option expiries for Dec 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1300 637m 1.1360 638m 1.1375
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