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GBP/USD Technical Analysis: 100-hour SMA continues to cap the immediate upside

• The pair held on to its positive tone through the early North-American session, albeit continued with its struggle to build on the momentum further beyond 100-hour SMA.

• Meanwhile, mixed technical indicators on hourly/daily charts haven't been supportive of any firm direction and hence, any subsequent up-move is more likely to remain capped.

• The top end of a short-term descending trend-channel, currently near the key 1.30 psychological mark, should keep a lid any subsequent up-move beyond the mentioned hurdle.

GBP/USD 1-hourly chart


Today Last Price: 1.296
Today Daily change %: 0.08%
Today Daily Open: 1.2949
Daily SMA20: 1.2997
Daily SMA50: 1.2808
Daily SMA100: 1.2892
Daily SMA200: 1.3027
Previous Daily High: 1.2997
Previous Daily Low: 1.2854
Previous Weekly High: 1.3212
Previous Weekly Low: 1.3043
Previous Monthly High: 1.3214
Previous Monthly Low: 1.2438
Daily Fibonacci 38.2%: 1.2942
Daily Fibonacci 61.8%: 1.2908
Daily Pivot Point S1: 1.287
Daily Pivot Point S2: 1.2791
Daily Pivot Point S3: 1.2727
Daily Pivot Point R1: 1.3012
Daily Pivot Point R2: 1.3076
Daily Pivot Point R3: 1.3155