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GBP/USD Technical Analysis: Sterling pierce through 1.2600 figure as USD weakens across the board

GBP/USD daily chart

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

GBP/USD 4-hour chart

  • GBP/USD is trading below its main SMAs suggesting that the momentum is bearish.

GBP/USD 30-minute chart

  • GBP/USD broke above the 1.2600 figure and is testing the 100 SMA.
  • If bulls keep the market above 1.2620 then an extension to 1.2680 can be on the cards.
  • On the flip side, a break below 1.2620 could see a retest of the 1.2540 level.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2635
    Today Daily change: 23 pips
    Today Daily change %: 0.182%
    Today Daily Open: 1.2612
Trends:
    Previous Daily SMA20: 1.2658
    Previous Daily SMA50: 1.2779
    Previous Daily SMA100: 1.2898
    Previous Daily SMA200: 1.317
Levels:
    Previous Daily High: 1.2774
    Previous Daily Low: 1.2581
    Previous Weekly High: 1.2778
    Previous Weekly Low: 1.2616
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Previous Daily Fibonacci 38.2%: 1.2655
    Previous Daily Fibonacci 61.8%: 1.27
    Previous Daily Pivot Point S1: 1.2537
    Previous Daily Pivot Point S2: 1.2463
    Previous Daily Pivot Point S3: 1.2344
    Previous Daily Pivot Point R1: 1.273
    Previous Daily Pivot Point R2: 1.2849
    Previous Daily Pivot Point R3: 1.2923

 

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