GBP/USD Technical Analysis: Cable under pressure below 1.3000 level
|- GBP/USD is trading in a bear trend above the 200-period simple moving average on the 4-hour chart.
- GBP/USD is challenging the 1.2957 July 19 low key support level. If the bears can break this level a drop to 1.2921 October 4 low can be next.
- The RSI and MACD indicators are weak but the Stochastic is already in the oversold zone.
Main trend: Bullish
Resistance 1: 1.3000 figure
Resistance 2: 1.3050 figure
Resistance 3: 1.3100 figure
Resistance 4: 1.3150 figure
Resistance 5: 1.3200 figure
Resistance 6: 1.3259 October 12 high
Support 1: 1.2957 July 19 low, key support
Support 2: 1.2921 October 4 low
Support 3: 1.2900 figure
Support 4: 1.2854 October 29
Additional key levels at a glance:
GBP/USD
Overview:
Last Price: 1.2978
Daily change: -83 pips
Daily change: -0.635%
Daily Open: 1.3061
Trends:
Daily SMA20: 1.2987
Daily SMA50: 1.3032
Daily SMA100: 1.3037
Daily SMA200: 1.3409
Levels:
Daily High: 1.3152
Daily Low: 1.3045
Weekly High: 1.3042
Weekly Low: 1.2696
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.3086
Daily Fibonacci 61.8%: 1.3111
Daily Pivot Point S1: 1.302
Daily Pivot Point S2: 1.2979
Daily Pivot Point S3: 1.2914
Daily Pivot Point R1: 1.3127
Daily Pivot Point R2: 1.3192
Daily Pivot Point R3: 1.3233
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