GBP/USD technical analysis: Cable is steady near 1.2065, hugging daily lows following UK PM Johnson's statement

09/02/2019 17:46:43 GMT|ByFlavio Tosti

The Cable is under pressure as the market is nearing the 2019 low.
The levels to beat for sellers are seen at 1.2065, followed by 1.2035 support levels.
UK PM Boris Johnson's statement: "We are leaving 31st Oct no ifs no buts".

GBP/USD daily chart

The GBP/USD currency pair is trading in a bear trend below its main daily simple moving averages (SMAs). UK PM Boris Jonhson, said that odds for a Brexit deal have been rising.

GBP/USD 4-hour chart

The Cable is under pressure below 1.2091/1.2104 resistance zone and the main SMAs on the 4-hour time frame. The level to beat for sellers remains 1.2065, followed by 1.2035/1.2010 zone and 1.1935 level on the way down, according to the Technical Confluences Indicator.

GBP/USD 30-minute chart

GBP/USD is trading below the main SMAs, suggesting a bearish bias in the near term. The market is having a consolidation near the 1.2065 level. Immediate resistances are seen at the 1.2091/1.2104 levels followed by 1.2130, according to the Technical Confluences Indicator.

Additional key levels

GBP/USD

Overview
Today last price	1.2061
Today Daily Change	-0.0103
Today Daily Change %	-0.85
Today daily open	1.2164

Trends
Daily SMA20	1.2153
Daily SMA50	1.235
Daily SMA100	1.2586
Daily SMA200	1.2765

Levels
Previous Daily High	1.2226
Previous Daily Low	1.2139
Previous Weekly High	1.231
Previous Weekly Low	1.2139
Previous Monthly High	1.231
Previous Monthly Low	1.2015
Daily Fibonacci 38.2%	1.2172
Daily Fibonacci 61.8%	1.2193
Daily Pivot Point S1	1.2127
Daily Pivot Point S2	1.2089
Daily Pivot Point S3	1.2039
Daily Pivot Point R1	1.2214
Daily Pivot Point R2	1.2264
Daily Pivot Point R3	1.2302

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