GBP/USD technical analysis: GBP is going down, going down …
|GBP/USD daily chart
GBP/USD is trading down in almost a vertical fashion below its main simple moving averages (SMAs). GBP/USD is nearing 1.2773, February low.
GBP/USD is challenging 1.2800 the figure opening the doors to further downside towards 1.2773, 1.2750 and 1.2700 figure.
GBP/USD 30-minute chart
Cable is trading below its main SMAs as the market is trading in a steep downtrend. Resistances are seen at 1.2840/80 and 1.2900 figure.
Additional key levels
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.