GBP/USD Price Analysis: Pound triangle breakout failure challenges 1.3060 support


  • The triangle bullish breakout is failing. 
  • The level to beat for bears is the 1.3060 level.

 

GBP/USD daily chart 

 
The break from the triangle pattern is currently failing below the 1.3100 figure. The market is challenging the 50-day simple moving average (SMA).  
 
 

GBP/USD four-hour chart

 
The pound is breaking down after rejecting the 1.3100 figure. The market is challenging the 1.3060 support and the 50/10 /SMAs. A breach below this level could lead to further downside with bears setting their eyes on the 1.3019 and 1.2965 resistances, according to the Technical Confluences Indicator.  
  

Additional key levels

GBP/USD

Overview
Today last price 1.307
Today Daily Change -0.0050
Today Daily Change % -0.38
Today daily open 1.312
 
Trends
Daily SMA20 1.3092
Daily SMA50 1.3053
Daily SMA100 1.2831
Daily SMA200 1.2691
 
Levels
Previous Daily High 1.3152
Previous Daily Low 1.3097
Previous Weekly High 1.312
Previous Weekly Low 1.2954
Previous Monthly High 1.3515
Previous Monthly Low 1.2896
Daily Fibonacci 38.2% 1.3118
Daily Fibonacci 61.8% 1.3131
Daily Pivot Point S1 1.3094
Daily Pivot Point S2 1.3068
Daily Pivot Point S3 1.3039
Daily Pivot Point R1 1.3149
Daily Pivot Point R2 1.3178
Daily Pivot Point R3 1.3204

 

 

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