GBP/USD Technical Analysis: Price finds support and retakes the 1.30 hande

The GBP/USD price has pushed higher on Friday and pushed past the 1.30 handle.
The 1.29 level has been used as support at the technical level and 55 exponential moving average.

Rajan Dhall, MSTA FX Daily

GBP/USD Daily Chart

GBP/USD has had a tough time since the election as a harder Brexit was being priced back in.

Now it seems the pair has found support at the 55 daily EMA and the technical support from the internal trendline.

The good news for the GBP bulls is that the 1.30 level has been taken again to the upside.

On the upside, the next resistance could be the 1.3340 level and 1.3515 post-election high.

Additional Levels

GBP/USD

Overview
Today last price	1.3062
Today Daily Change	0.0058
Today Daily Change %	0.45
Today daily open	1.3004

Trends
Daily SMA20	1.3088
Daily SMA50	1.2967
Daily SMA100	1.2645
Daily SMA200	1.2692

Levels
Previous Daily High	1.3016
Previous Daily Low	1.2951
Previous Weekly High	1.3423
Previous Weekly Low	1.2989
Previous Monthly High	1.2986
Previous Monthly Low	1.2769
Daily Fibonacci 38.2%	1.2991
Daily Fibonacci 61.8%	1.2976
Daily Pivot Point S1	1.2965
Daily Pivot Point S2	1.2925
Daily Pivot Point S3	1.2899
Daily Pivot Point R1	1.303
Daily Pivot Point R2	1.3056
Daily Pivot Point R3	1.3096

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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