GBP/USD Technical Analysis: Cable finds support at the October low as 1.2800 becomes the next bull target
GBP/USD daily chart
- GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
- Cable bears want to reach the August lows at the 1.2661 level.
GBP/USD 4-hour chart
- GBP/USD is trading below its main SMAs.
- GBP/USD found support at 1.2695, the October low in the New York session.
- 1.2800 seems to be the next destination for bulls.
GBP/USD 30-minute chart
- On smaller time-frames, 1.2700 and 1.2720 remain support.
- In the meanwhile, GBP bulls will need to overcome the 1.2760 level and the 50 SMA
Additional key levels
GBP/USD
Overview:
Today Last Price: 1.2742
Today Daily change: -1.0 pips
Today Daily change %: -0.00785%
Today Daily Open: 1.2743
Trends:
Previous Daily SMA20: 1.2887
Previous Daily SMA50: 1.2969
Previous Daily SMA100: 1.2977
Previous Daily SMA200: 1.3317
Levels:
Previous Daily High: 1.281
Previous Daily Low: 1.2735
Previous Weekly High: 1.2864
Previous Weekly Low: 1.2725
Previous Monthly High: 1.3176
Previous Monthly Low: 1.2723
Previous Daily Fibonacci 38.2%: 1.2764
Previous Daily Fibonacci 61.8%: 1.2781
Previous Daily Pivot Point S1: 1.2715
Previous Daily Pivot Point S2: 1.2688
Previous Daily Pivot Point S3: 1.264
Previous Daily Pivot Point R1: 1.279
Previous Daily Pivot Point R2: 1.2837
Previous Daily Pivot Point R3: 1.2865