GBP/USD Price Analysis: Pound approaching the May’s lows, trading sub-1.2200 figure


  • GBP/USD is on track to end the week below the 1.2200 figure. 
  • The level to beat for bears is the 1.2150 support. 
 

GBP/USD daily chart

 
GBP/USD is trading below its main SMAs on the daily chart suggesting a bearish bias as the market is on track to a three-day losing streak.
 

GBP/USD four-hour chart

 
GBP/USD is trading below the main SMAs on the four-hour chart suggesting a bearish bias in the medium-term. As the market is printing lower lows and lower highs the bears should remain in control with a potential break below the 1.2150 support en route towards the 1.2100 and 1.1950 levels. On the other hand, occasional bullish attempts should find resistance near the 1.2300 and 1.2400 levels initially.
 
 
 
Resistance: 1.2300, 1.2400, 1.2500
Support: 1.2200, 1.2100, 1.1955
 
  

Additional key levels

GBP/USD

Overview
Today last price 1.2177
Today Daily Change -0.0046
Today Daily Change % -0.38
Today daily open 1.2223
 
Trends
Daily SMA20 1.2344
Daily SMA50 1.2276
Daily SMA100 1.2632
Daily SMA200 1.2666
 
Levels
Previous Daily High 1.225
Previous Daily Low 1.2186
Previous Weekly High 1.2438
Previous Weekly Low 1.2102
Previous Monthly High 1.2648
Previous Monthly Low 1.2165
Daily Fibonacci 38.2% 1.221
Daily Fibonacci 61.8% 1.2225
Daily Pivot Point S1 1.2189
Daily Pivot Point S2 1.2156
Daily Pivot Point S3 1.2125
Daily Pivot Point R1 1.2253
Daily Pivot Point R2 1.2283
Daily Pivot Point R3 1.2317

 

 

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