GBP/USD Technical Analysis: Cable bulls looking at 1.3100 figure
- GBP/USD is trading in a bear trend below its 200-period simple moving average. However, bulls are working hard at creating a reversal up.
- GBP/USD is currently trapped between 1.2957 and 1.3050 level after enjoying a strong rally in the last days. The RSI, MACD and Stochastic indicator suggest more gains ahead.
- Bulls will need to overcome the 1.3050 resistance to set their eyes on 1.3100 and 1.3200 figure.
GBP/USD 4-hour chart
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Main trend: Bearish to bullish above 1.3050
Resistance 1: 1.3000 figure
Resistance 2: 1.3043, October 23 high
Resistance 3: 1.3100 figure
Resistance 4: 1.3200 figure
Support 1: 1.2947 key resistance
Support 2: 1.2921 October 4 low
Support 3: 1.2900 figure
Support 4: 1.2854 October 29
Support 5: 1.2800 figure
Additional key levels at a glance:
GBP/USD
Overview:
Last Price: 1.3014
Daily change: 46 pips
Daily change: 0.355%
Daily Open: 1.2968
Trends:
Daily SMA20: 1.3003
Daily SMA50: 1.3021
Daily SMA100: 1.3042
Daily SMA200: 1.343
Levels:
Daily High: 1.3042
Daily Low: 1.2952
Weekly High: 1.3042
Weekly Low: 1.2696
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.2986
Daily Fibonacci 61.8%: 1.3008
Daily Pivot Point S1: 1.2932
Daily Pivot Point S2: 1.2896
Daily Pivot Point S3: 1.2841
Daily Pivot Point R1: 1.3023
Daily Pivot Point R2: 1.3078
Daily Pivot Point R3: 1.3114