Trading news
1 Apr 2019

GBP/USD Technical Analysis: Cable at daily highs above 1.3100 figure

GBP/USD daily chart

  • GBP/USD is consolidating above its 200-day simple moving average (SMAs).


GBP/USD 4-hour chart

  • GBP/USD is trading below its main SMAs suggesting a bearish bias in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD is trading between its 100 and 200 SMAs suggesting a neutral market in the short-term.
  • The key intraday resistance is seen at 1.3140, followed by 1.3200 figure.
  • Support to the downside is seen at 1.3100 and 1.3060 level.

Additional key levels

 

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