GBP/USD Technical Analysis: Cable bulls challenging 1.2770 resistance for a break to 1.2800 figure

06 Dec 2018

GBP/USD daily chart

  • GBP/USD is in a bear trend below the 200-day simple moving average (SMA).
  • GBP/USD is trading near 4-month’s lows. 

GBP/USD 4-hour chart

  • GBP/USD is trading below its 100 and 200 SMAs.
  • GBP/USD is essentially in a trading range with a downward slope.

GBP/USD 30-minute chart

  • The level to beat for bulls is 1.2770 then 1.2800 figure and 1.2840 become the next resistances. 
  • GBP/USD bulls were able to reclaim the main SMAs suggesting that 1.2800 can be on the cards this Thursday.

Additional key levels


    Today Last Price: 1.2767
    Today Daily change: 36 pips
    Today Daily change %: 0.283%
    Today Daily Open: 1.2731
    Previous Daily SMA20: 1.2831
    Previous Daily SMA50: 1.2944
    Previous Daily SMA100: 1.2964
    Previous Daily SMA200: 1.3298
    Previous Daily High: 1.2798
    Previous Daily Low: 1.2672
    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%: 1.275
    Previous Daily Fibonacci 61.8%: 1.272
    Previous Daily Pivot Point S1: 1.2669
    Previous Daily Pivot Point S2: 1.2608
    Previous Daily Pivot Point S3: 1.2543
    Previous Daily Pivot Point R1: 1.2796
    Previous Daily Pivot Point R2: 1.286
    Previous Daily Pivot Point R3: 1.2922


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