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GBP/USD Technical Analysis: The 1.2800 figure caps advances ahead of the FOMC minutes

GBP/USD daily chart

  • GBP/USD is evolving in a bear trend below the 200 SMA.
  • GBP/USD rejected the 50 SMA. 
  • The FOMC minutes at 19:00 GMT will likely provide volatility in the forex market.

GBP/USD 4-hour chart

  • GBP/USD is rejecting the December and January highs as it is having a hard time to pierce the 1.2800 figure.

GBP/USD  30-minute chart

  • Bears broke below the 100 SMA.
  • A break below 1.2700 should open the way to the 1.2620 level. 

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2738
    Today Daily change: 18 pips
    Today Daily change %: 0.142%
    Today Daily Open: 1.272
Trends:
    Previous Daily SMA20: 1.2672
    Previous Daily SMA50: 1.2773
    Previous Daily SMA100: 1.2896
    Previous Daily SMA200: 1.3143
Levels:
    Previous Daily High: 1.2798
    Previous Daily Low: 1.2706
    Previous Weekly High: 1.2815
    Previous Weekly Low: 1.2438
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Previous Daily Fibonacci 38.2%: 1.2741
    Previous Daily Fibonacci 61.8%: 1.2763
    Previous Daily Pivot Point S1: 1.2685
    Previous Daily Pivot Point S2: 1.265
    Previous Daily Pivot Point S3: 1.2594
    Previous Daily Pivot Point R1: 1.2777
    Previous Daily Pivot Point R2: 1.2833
    Previous Daily Pivot Point R3: 1.2868

 

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