GBP/USD Technical Analysis: Cable is about the end the day in the red near the 1.2950 level
GBP/USD daily chart
- Cable is falling below the 200-day simple moving average (SMA) as bears broke below the 1.3000 figure.
GBP/USD 4-hour chart
- GBP/USD is trading below the 50 and 100 SMA suggesting bearish momentum in the medium-term.
GBP/USD 30-minute chart
- As discussed, the 1.2930 acted as support. This is now the level to beat for bears for further downside to 1.2900 the figure.
- To the upside, bulls will set their eyes on 1.2990 and 1.3025 resistances.
Additional key levels
GBP/USD
Overview:
Today Last Price: 1.295
Today Daily change: -88 pips
Today Daily change %: -0.67%
Today Daily Open: 1.3038
Trends:
Daily SMA20: 1.2968
Daily SMA50: 1.2798
Daily SMA100: 1.2899
Daily SMA200: 1.3038
Levels:
Previous Daily High: 1.3103
Previous Daily Low: 1.3029
Previous Weekly High: 1.3212
Previous Weekly Low: 1.3043
Previous Monthly High: 1.3214
Previous Monthly Low: 1.2438
Daily Fibonacci 38.2%: 1.3057
Daily Fibonacci 61.8%: 1.3075
Daily Pivot Point S1: 1.301
Daily Pivot Point S2: 1.2982
Daily Pivot Point S3: 1.2936
Daily Pivot Point R1: 1.3085
Daily Pivot Point R2: 1.3132
Daily Pivot Point R3: 1.316