Cable trading near 1.3030 ahead of FOMC Minutes

GBP/USD daily chart

  • GBP/USD bulls have reclaimed the 200-day simple moving average (SMA).
  • Investors are awaiting the release of the FOMC Minutes at 19.00 GMT. The news can potentially provide high volatility in the financial markets and in USD-related pairs. 

GBP/USD 4-hour chart

  • GBP/USD bulls broke above the main SMAs suggesting a bullish bias in the medium-term.


GBP/USD 30-minute chart

  • GBP/USD is trading above the main SMAs suggesting a bullish momentum in the short-term.
  • The level to beat for bulls is 1.3080. The next target to the upside is seen at 1.3125 and 1.3185 level.
  • Support is at 1.3000 and 1.2960 level.

Additional key levels


    Today Last Price: 1.3034
    Today Daily change: -33 pips
    Today Daily change %: -0.25%
    Today Daily Open: 1.3067
    Daily SMA20: 1.2999
    Daily SMA50: 1.2843
    Daily SMA100: 1.2878
    Daily SMA200: 1.3002
    Previous Daily High: 1.3074
    Previous Daily Low: 1.2895
    Previous Weekly High: 1.2959
    Previous Weekly Low: 1.2773
    Previous Monthly High: 1.3214
    Previous Monthly Low: 1.2438
    Daily Fibonacci 38.2%: 1.3006
    Daily Fibonacci 61.8%: 1.2963
    Daily Pivot Point S1: 1.295
    Daily Pivot Point S2: 1.2833
    Daily Pivot Point S3: 1.2771
    Daily Pivot Point R1: 1.3129
    Daily Pivot Point R2: 1.3191
    Daily Pivot Point R3: 1.3308


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