GBP/USD Technical Analysis: Finds some support near 1.3100 confluence region
5/6/2019 10:33:04 AM
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• The pair met with some fresh supply at the start of a new trading week and traded with a negative bias through the mid-European session, eroding a

   •  The pair met with some fresh supply at the start of a new trading week and traded with a negative bias through the mid-European session, eroding a part of Friday's upsurge to one-month tops. 

   •  The pair met with some fresh supply at the start of a new trading week and traded with a negative bias through the mid-European session, eroding a part of Friday's upsurge to one-month tops. 

   •  Slightly overbought conditions on hourly charts seemed to be the only factor prompting some long-unwinding trade amid the prevalent risk-off mood, triggered by renewed US-China trade tensions.

   •  Slightly overbought conditions on hourly charts seemed to be the only factor prompting some long-unwinding trade amid the prevalent risk-off mood, triggered by renewed US-China trade tensions.

   •  The pair now seems to have found some support near the 1.3100 confluence region - comprising of 50-day SMA and 23.6% Fibonacci retracement level of the 1.2866-1.3177 recent positive move.

   •  The pair now seems to have found some support near the 1.3100 confluence region - comprising of 50-day SMA and 23.6% Fibonacci retracement level of the 1.2866-1.3177 recent positive move.Fibonacci

   •  With oscillators on the daily chart still holding in the bullish territory, any subsequent dips might still be seen as a buying opportunity and hence, limit the downside near the 1.3060-50 support.

   •  With oscillators on the daily chart still holding in the bullish territory, any subsequent dips might still be seen as a buying opportunity and hence, limit the downside near the 1.3060-50 support.

GBP/USD 1-hourly chart

GBP/USD 1-hourly chartGBP/USDchart

GBP/USD

Overview
Today last price 1.3106
Today Daily Change -0.0070
Today Daily Change % -0.53
Today daily open 1.3176
 
Trends
Daily SMA20 1.3018
Daily SMA50 1.3109
Daily SMA100 1.2988
Daily SMA200 1.296
Levels
Previous Daily High 1.3178
Previous Daily Low 1.2988
Previous Weekly High 1.3178
Previous Weekly Low 1.2904
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.3106
Daily Fibonacci 61.8% 1.3061
Daily Pivot Point S1 1.3051
Daily Pivot Point S2 1.2925
Daily Pivot Point S3 1.2861
Daily Pivot Point R1 1.324
Daily Pivot Point R2 1.3304
Daily Pivot Point R3 1.343

 

GBP/USD

Overview
Today last price 1.3106
Today Daily Change -0.0070
Today Daily Change % -0.53
Today daily open 1.3176
 
Trends
Daily SMA20 1.3018
Daily SMA50 1.3109
Daily SMA100 1.2988
Daily SMA200 1.296
Levels
Previous Daily High 1.3178
Previous Daily Low 1.2988
Previous Weekly High 1.3178
Previous Weekly Low 1.2904
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.3106
Daily Fibonacci 61.8% 1.3061
Daily Pivot Point S1 1.3051
Daily Pivot Point S2 1.2925
Daily Pivot Point S3 1.2861
Daily Pivot Point R1 1.324
Daily Pivot Point R2 1.3304
Daily Pivot Point R3 1.343

GBP/USD

Overview
Today last price 1.3106
Today Daily Change -0.0070
Today Daily Change % -0.53
Today daily open 1.3176
 
Trends
Daily SMA20 1.3018
Daily SMA50 1.3109
Daily SMA100 1.2988
Daily SMA200 1.296
Levels
Previous Daily High 1.3178
Previous Daily Low 1.2988
Previous Weekly High 1.3178
Previous Weekly Low 1.2904
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.3106
Daily Fibonacci 61.8% 1.3061
Daily Pivot Point S1 1.3051
Daily Pivot Point S2 1.2925
Daily Pivot Point S3 1.2861
Daily Pivot Point R1 1.324
Daily Pivot Point R2 1.3304
Daily Pivot Point R3 1.343

GBP/USD

Overview
Today last price 1.3106
Today Daily Change -0.0070
Today Daily Change % -0.53
Today daily open 1.3176
 
Trends
Daily SMA20 1.3018
Daily SMA50 1.3109
Daily SMA100 1.2988
Daily SMA200 1.296
Overview
Today last price 1.3106
Today Daily Change -0.0070
Today Daily Change % -0.53
Today daily open 1.3176
Overview Overview Overview Today last price 1.3106 Today Daily Change -0.0070 Today Daily Change % -0.53 Today daily open 1.3176 Today last price 1.3106 Today last price1.31061.3106 Today Daily Change -0.0070 Today Daily Change-0.0070-0.0070 Today Daily Change % -0.53 Today Daily Change %-0.53-0.53 Today daily open 1.3176 Today daily open1.31761.3176
 
Trends
Daily SMA20 1.3018
Daily SMA50 1.3109
Daily SMA100 1.2988
Daily SMA200 1.296
Trends Trends Trends Daily SMA20 1.3018 Daily SMA50 1.3109 Daily SMA100 1.2988 Daily SMA200 1.296 Daily SMA20 1.3018 Daily SMA201.30181.3018 Daily SMA50 1.3109 Daily SMA501.31091.3109 Daily SMA100 1.2988 Daily SMA1001.29881.2988 Daily SMA200 1.296 Daily SMA2001.2961.296
Levels
Previous Daily High 1.3178
Previous Daily Low 1.2988
Previous Weekly High 1.3178
Previous Weekly Low 1.2904
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.3106
Daily Fibonacci 61.8% 1.3061
Daily Pivot Point S1 1.3051
Daily Pivot Point S2 1.2925
Daily Pivot Point S3 1.2861
Daily Pivot Point R1 1.324
Daily Pivot Point R2 1.3304
Daily Pivot Point R3 1.343
Levels
Previous Daily High 1.3178
Previous Daily Low 1.2988
Previous Weekly High 1.3178
Previous Weekly Low 1.2904
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.3106
Daily Fibonacci 61.8% 1.3061
Daily Pivot Point S1 1.3051
Daily Pivot Point S2 1.2925
Daily Pivot Point S3 1.2861
Daily Pivot Point R1 1.324
Daily Pivot Point R2 1.3304
Daily Pivot Point R3 1.343
Levels Levels Levels Previous Daily High 1.3178 Previous Daily Low 1.2988 Previous Weekly High 1.3178 Previous Weekly Low 1.2904 Previous Monthly High 1.3196 Previous Monthly Low 1.2865 Daily Fibonacci 38.2% 1.3106 Daily Fibonacci 61.8% 1.3061 Daily Pivot Point S1 1.3051 Daily Pivot Point S2 1.2925 Daily Pivot Point S3 1.2861 Daily Pivot Point R1 1.324 Daily Pivot Point R2 1.3304 Daily Pivot Point R3 1.343 Previous Daily High 1.3178 Previous Daily High1.31781.3178 Previous Daily Low 1.2988 Previous Daily Low1.29881.2988 Previous Weekly High 1.3178 Previous Weekly High1.31781.3178 Previous Weekly Low 1.2904 Previous Weekly Low1.29041.2904 Previous Monthly High 1.3196 Previous Monthly High1.31961.3196 Previous Monthly Low 1.2865 Previous Monthly Low1.28651.2865 Daily Fibonacci 38.2% 1.3106 Daily Fibonacci 38.2%1.31061.3106 Daily Fibonacci 61.8% 1.3061 Daily Fibonacci 61.8%1.30611.3061 Daily Pivot Point S1 1.3051 Daily Pivot Point S11.30511.3051 Daily Pivot Point S2 1.2925 Daily Pivot Point S21.29251.2925 Daily Pivot Point S3 1.2861 Daily Pivot Point S31.28611.2861 Daily Pivot Point R1 1.324 Daily Pivot Point R11.3241.324 Daily Pivot Point R2 1.3304 Daily Pivot Point R21.33041.3304 Daily Pivot Point R3 1.343 Daily Pivot Point R31.3431.343