GBP/USD Technical Analysis: Cable bulls erase two weeks of losses in two days as the market hits 1.3000 figure
- GBP/USD is having a sharp bounce up reversing nearly two weeks of losses in the last two days.
- GBP/USD bulls want to keep the market above the 1.3000 figure and break above the 200-period simple moving average as the market is set to grind higher in the coming sessions.
- Targets to the upside are likely located near 1.3043 (October 23 high) and 1.3100 figure.
GBP/USD 4-hour chart
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Main trend: Bearish
Short-term trend: Bullish
Resistance 1: 1.3000 figure
Resistance 2: 1.3043, October 23 high
Resistance 3: 1.3100 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: 1.301
Daily change: 2.4e+2 pips
Daily change: 1.91%
Daily Open: 1.2766
Trends:
Daily SMA20: 1.3012
Daily SMA50: 1.3015
Daily SMA100: 1.3048
Daily SMA200: 1.3441
Levels:
Daily High: 1.2832
Daily Low: 1.2699
Weekly High: 1.3092
Weekly Low: 1.2777
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.2781
Daily Fibonacci 61.8%: 1.275
Daily Pivot Point S1: 1.2699
Daily Pivot Point S2: 1.2632
Daily Pivot Point S3: 1.2565
Daily Pivot Point R1: 1.2832
Daily Pivot Point R2: 1.2899
Daily Pivot Point R3: 1.2966