GBP/USD Technical Analysis: Sterling pierces through 1.2600 figure as USD weakens across the board

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading in a bear trend below the 200-period simple moving average (SMA).

GBP/USD 4-hour chart

GBP/USD is trading below its main SMAs suggesting that the momentum is bearish.

GBP/USD 30-minute chart

GBP/USD broke above the 1.2600 figure and is testing the 100 SMA.
If bulls keep the market above 1.2620 then an extension to 1.2680 can be on the cards.
On the flip side, a break below 1.2620 could see a retest of the 1.2540 level.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2635
    Today Daily change: 23 pips
    Today Daily change %: 0.182%
    Today Daily Open: 1.2612
Trends:
    Previous Daily SMA20: 1.2658
    Previous Daily SMA50: 1.2779
    Previous Daily SMA100: 1.2898
    Previous Daily SMA200: 1.317
Levels:
    Previous Daily High: 1.2774
    Previous Daily Low: 1.2581
    Previous Weekly High: 1.2778
    Previous Weekly Low: 1.2616
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Previous Daily Fibonacci 38.2%: 1.2655
    Previous Daily Fibonacci 61.8%: 1.27
    Previous Daily Pivot Point S1: 1.2537
    Previous Daily Pivot Point S2: 1.2463
    Previous Daily Pivot Point S3: 1.2344
    Previous Daily Pivot Point R1: 1.273
    Previous Daily Pivot Point R2: 1.2849
    Previous Daily Pivot Point R3: 1.2923

Author

Flavio Tosti

Independent Analyst

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