News

GBP/USD Technical Analysis: Cable sinks to its lowest level since June 2017 as bears attack the 1.2600 figure

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 50, 100 and 200-day simple moving average (SMA).
  • GBP/USD reached its lowest level since June 2017 as May could pull Brexit vote.

GBP/USD 4-hour chart

  • All indicators are in bearish mode.
  • The next support is seen at the 1.2561 level. 

GBP/USD 30-minute chart

  • The momentum is bearish.
  • 1.2652 and 1.2681 should be fairly strong resistance to the upside. 

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2618
    Today Daily change: -1.2e+2 pips
    Today Daily change %: -0.973%
    Today Daily Open: 1.2742
Trends:
    Previous Daily SMA20: 1.2806
    Previous Daily SMA50: 1.2932
    Previous Daily SMA100: 1.2958
    Previous Daily SMA200: 1.3288
Levels:
    Previous Daily High: 1.2812
    Previous Daily Low: 1.271
    Previous Weekly High: 1.284
    Previous Weekly Low: 1.2659
    Previous Monthly High: 1.3176
    Previous Monthly Low: 1.2723
    Previous Daily Fibonacci 38.2%: 1.2749
    Previous Daily Fibonacci 61.8%: 1.2773
    Previous Daily Pivot Point S1: 1.2698
    Previous Daily Pivot Point S2: 1.2654
    Previous Daily Pivot Point S3: 1.2597
    Previous Daily Pivot Point R1: 1.2799
    Previous Daily Pivot Point R2: 1.2856
    Previous Daily Pivot Point R3: 1.29

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.