GBP/USD Technical Analysis: Cable advance decelerates mildly below the 1.3200 figure

GBP/USD daily chart

  • GBP/USD broke above the 1.13100 figure and the 200-day simple moving average suggesting bullish momentum on the daily time-frame.

GBP/USD 4-hour chart

  • GBP/USD is trading above its main SMAs suggesting a bullish bias on the medium-term.

GBP/USD 30-minute chart

  • Cable broke below the 50 SMA and the 1.3200 figure suggesting a potential slowdown in the uptrend. 
  • The 1.3180 and 1.3210 levels should cap the bullish advances this Monday. 
  • Supports to the downside can be seen near the 1.3100 and 1.3050 level.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.3164
    Today Daily change: -49 pips
    Today Daily change %: -0.37%
    Today Daily Open: 1.3213
Trends:
    Daily SMA20: 1.2852
    Daily SMA50: 1.2765
    Daily SMA100: 1.2898
    Daily SMA200: 1.3062
Levels:
    Previous Daily High: 1.3214
    Previous Daily Low: 1.3053
    Previous Weekly High: 1.3214
    Previous Weekly Low: 1.283
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Daily Fibonacci 38.2%: 1.3152
    Daily Fibonacci 61.8%: 1.3114
    Daily Pivot Point S1: 1.3106
    Daily Pivot Point S2: 1.2999
    Daily Pivot Point S3: 1.2945
    Daily Pivot Point R1: 1.3266
    Daily Pivot Point R2: 1.332
    Daily Pivot Point R3: 1.3427

 

ECB's Draghi: Uncertainties relating to geopolitical factors and threat of protectionism is weighing on economic sentiment

Below are some key takeaways from the introductory statement delivered by Mario Draghi, President of the ECB, at the ECON committee of the European Pa
Devamını oku Previous

GBP/USD meets lows near 1.3140, Brexit vote eyed

After advancing to fresh yearly peaks above 1.3200 the figure, GBP/USD met a wave of fresh sellers and fell to the area of daily lows in the 1.3140/35
Devamını oku Next