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GBP/USD New York Forecast: Pound trading at five day low vs. greenback

  • The bullish breakout from the triangle pattern is failing.
  • The level to beat for sellers is the 1.2973 level.
 

GBP/USD daily chart 

 
The breakout from the triangle formation looks like it is failing below the 1.3100 figure. The spot broke below the 50-day simple moving average (SMA) and is nearing and ascending trendline.  
 

GBP/USD four-hour chart

 
The pound is challenging the session’s lows while below the main SMAs on the four-hour chart. In the last four sessions, the bears have taken the lead. The odds are tilted to the downside and GBP/USD could reach 1.2973, 1.2932 and 1.2900 figure. Resistances are seen near 1.3030, 1.3067, 1.3094 and 1.3135 levels, according to the Technical Confluences Indicator.  
  

Additional key levels

GBP/USD

Overview
Today last price 1.3009
Today Daily Change -0.0045
Today Daily Change % -0.34
Today daily open 1.3054
 
Trends
Daily SMA20 1.3089
Daily SMA50 1.3058
Daily SMA100 1.2846
Daily SMA200 1.2692
 
Levels
Previous Daily High 1.3107
Previous Daily Low 1.3041
Previous Weekly High 1.3175
Previous Weekly Low 1.2962
Previous Monthly High 1.3515
Previous Monthly Low 1.2896
Daily Fibonacci 38.2% 1.3066
Daily Fibonacci 61.8% 1.3082
Daily Pivot Point S1 1.3028
Daily Pivot Point S2 1.3001
Daily Pivot Point S3 1.2962
Daily Pivot Point R1 1.3094
Daily Pivot Point R2 1.3133
Daily Pivot Point R3 1.316

 

 

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