GBP/USD Technical Analysis: Cable down en route to 1.3050 level post-FOMC statement
|- GBP/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart following the FOMC statement.
- GBP/USD is having a sharp pullback down as the market pierced through the 1.3100 figure. The RSI, MACD and Stochastic indicators are negative suggesting further losses ahead in the coming sessions.
- Targets to the downside can be seen near 1.3043 (October 23 high) and 1.3000 figure.
Main trend: Bullish
Short-term: Bearish
Resistance 1: 1.3100 figure
Resistance 2: 1.3150 figure
Resistance 3: 1.3200 figure
Resistance 4: 1.3259 October 12 high
Support 1: 1.3043, October 23 high
Support 2: 1.3000 figure
Support 3: 1.2947 key resistance
Support 4: 1.2921 October 4 low
Support 5: 1.2900 figure
Support 6: 1.2854 October 29
Additional key levels at a glance:
GBP/USD
Overview:
Last Price: 1.307
Daily change: -67 pips
Daily change: -0.510%
Daily Open: 1.3137
Trends:
Daily SMA20: 1.2996
Daily SMA50: 1.3031
Daily SMA100: 1.3039
Daily SMA200: 1.3414
Levels:
Daily High: 1.3176
Daily Low: 1.3074
Weekly High: 1.3042
Weekly Low: 1.2696
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.3137
Daily Fibonacci 61.8%: 1.3112
Daily Pivot Point S1: 1.3082
Daily Pivot Point S2: 1.3027
Daily Pivot Point S3: 1.298
Daily Pivot Point R1: 1.3184
Daily Pivot Point R2: 1.3231
Daily Pivot Point R3: 1.3286
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