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16 Nov 2018
GBP/USD Technical Analysis: Cable break above 1.2850 resistance as more upside is on the cards
GBP/USD 4-hour chart
- GBP/USD is trading in a bear trend below the 4-hour chart.
- GBP/USD broke above the 1.2850 resistance level as technical indicators are starting to pick up steam.
- GBP/USD found strong buying interest at the November low opening the doors to a pullback up to the 1.2950 level.
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Additional key levels at a glance:
GBP/USD
Overview:
Last Price: 1.2854
Daily change: 76 pips
Daily change: 0.595%
Daily Open: 1.2778
Trends:
Daily SMA20: 1.2934
Daily SMA50: 1.3033
Daily SMA100: 1.3023
Daily SMA200: 1.3379
Levels:
Daily High: 1.3032
Daily Low: 1.2724
Weekly High: 1.3176
Weekly Low: 1.2958
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.2841
Daily Fibonacci 61.8%: 1.2914
Daily Pivot Point S1: 1.2657
Daily Pivot Point S2: 1.2537
Daily Pivot Point S3: 1.235
Daily Pivot Point R1: 1.2965
Daily Pivot Point R2: 1.3152
Daily Pivot Point R3: 1.3273