As we turn the page into a new trading week for the GBPUSD, what are key levels in play and why?

Source: https://www.forexlive.com/technical-analysis/what-is-the-technical-picture-look-like-for-the-gbpusd-going-into-next-weeks-trading-20230617/

GBPUSD: The GBPUSD fell to a low today of 1.23695.

Source: https://www.forexlive.com/technical-analysis/kickstart-your-trading-day-and-week-with-a-look-at-the-eurusd-usdjpy-and-gbpusd-20230918/

GBPUSD: The GBPUSD fell to a low today of 1.23695.

Source: https://www.forexlive.com/technical-analysis/kickstart-your-trading-day-and-week-with-a-look-at-the-eurusd-usdjpy-and-gbpusd-20230918/

GBPUSD: The GBPUSD fell to support on Friday, and buyers stepped in. The buyers are more in control heading into the new trading week.

Source: https://www.forexlive.com/technical-analysis/where-do-i-start-with-so-many-events-and-releases-where-do-you-start-20230326/

GBPUSD: The GBPUSD fell to support on Friday, and buyers stepped in. The buyers are more in control heading into the new trading week.

Source: https://www.forexlive.com/technical-analysis/where-do-i-start-with-so-many-events-and-releases-where-do-you-start-20230326/

GBPUSD: The GBPUSD is testing at 200 hour moving at 1.2619.

Source: https://www.forexlive.com/technical-analysis/usd-is-running-to-the-upside-ahead-of-the-stock-open-20231204/

GBPUSD: The GBPUSD is testing at 200 hour moving at 1.2619.

Source: https://www.forexlive.com/technical-analysis/usd-is-running-to-the-upside-ahead-of-the-stock-open-20231204/

GBPUSD: The GBPUSD is trading at the highest level since April 2022 and looks toward the next topside target near 1.3133.

Source: https://www.forexlive.com/technical-analysis/the-usd-is-moving-to-new-lows-vs-major-currencies-20230713/

GBPUSD: The GBPUSD is trading at the highest level since April 2022 and looks toward the next topside target near 1.3133.

Source: https://www.forexlive.com/technical-analysis/the-usd-is-moving-to-new-lows-vs-major-currencies-20230713/

On the daily chart below for GBPUSD, we can see that the last two tries from the buyers of breaking above the top of the range and sustain a bullish trend failed.

Source: https://www.forexlive.com/technical-analysis/gbpusd-technical-analysis-rangebound-20230418/

On the daily chart, we can see that GBPUSD bounced around the 1.2450 level and it’s now probably pulling back to retest the broken support turned resistance at the 1.26 handle.

Source: https://www.forexlive.com/technical-analysis/gbpusd-technical-analysis-watch-this-key-resistance-20230912/

On the daily chart, we can see that since the bounce on the red 21 moving average, GBPUSD rallied with almost no pullbacks.

Source: https://www.forexlive.com/technical-analysis/gbpusd-technical-analysis-bullish-20230714/

The GBPUSD moved above its 100-hour moving average yesterday after trending lower for the 1st half of the trading week.

Source: https://www.forexlive.com/technical-analysis/gbpusd-moves-back-down-to-test-the-100-hour-ma-will-buyers-come-in-20230929/

The GBPUSD up-and-down price range today is 47 pips which is much less than the 88 PIP average over the last 22 trading days.

Source: https://www.forexlive.com/centralbank/boe-mann-research-points-to-higher-inflation-from-climate-shocks-policies-and-spillovers-20231113/

We can also see that GBPUSD on this timeframe has been diverging with the MACD, which generally indicates a weakening momentum that is often followed by pullbacks or reversals.

Source: https://www.forexlive.com/technical-analysis/gbpusd-technical-analysis-shift-in-sentiment-20230530/