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GBP/USD technical analysis: Cable collapse to its lowest point since March 2017 as Brexit no-deal looms

 
 

GBP/USD daily chart

 
 
Cable started the week losing more than a 100 pips falling to its lowest since March 2017. 
 
 

GBP/USD 4-hour chart

 
 
GBP/USD is challenging the 1.2266 support at fresh multi-month lows. Bears want to reach 1.2189 on the way down.
 

GBP/USD 30-minute chart

 
Cable has been falling like a rock. Resistances are seen near 1.2285, 1.2304, 1.2336 and 1.2381, according to the Technical Confluences Indicator.
 
 
 
 
 

Additional key levels

 

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