GBP/USD Technical Analysis: Strangling near 1.2700
|- GBP/USD continues to cycle around intraday inflection levels, currently digging in near 1.2700 after failing to jumpstart moves in either direction on Wednesday.
GBP/USD, 5-Minute
- The past two weeks have seen the Cable moving in a sluggish downtrend, marked by consolidation periods separated by rough chop, but the pair continues to see downside movement from the 200-period MA.
GBP/USD, 30-Minute
- 4-hour candlesticks have the Cable setting up for a bearish break of previous support just below the 1.2700 handle, and short-sellers will be looking to time a break-and-retest of the significant level with Tuesday's upcoming Brexit vote to push the GBP/USD pairing into a faster downtrend.
GBP/USD, 4-Hour
GBP/USD
Overview:
Today Last Price: 1.2711
Today Daily change: -20 pips
Today Daily change %: -0.157%
Today Daily Open: 1.2731
Trends:
Previous Daily SMA20: 1.2831
Previous Daily SMA50: 1.2944
Previous Daily SMA100: 1.2964
Previous Daily SMA200: 1.3298
Levels:
Previous Daily High: 1.2798
Previous Daily Low: 1.2672
Previous Weekly High: 1.2864
Previous Weekly Low: 1.2725
Previous Monthly High: 1.3176
Previous Monthly Low: 1.2723
Previous Daily Fibonacci 38.2%: 1.275
Previous Daily Fibonacci 61.8%: 1.272
Previous Daily Pivot Point S1: 1.2669
Previous Daily Pivot Point S2: 1.2608
Previous Daily Pivot Point S3: 1.2543
Previous Daily Pivot Point R1: 1.2796
Previous Daily Pivot Point R2: 1.286
Previous Daily Pivot Point R3: 1.2922
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.