GBP/USD Technical Analysis: Cable back below 1.3200 handle as Brexit gets delayed

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).
Key comments from Theresa May statement following EU's ultimatum - UK will not leave on the 29th March (GBP down).

GBP/USD 4-hour chart

GBP/USD is trading between the 100 and 200 SMAs suggesting a consolidation in the medium-term.

GBP/USD 30-minute chart

GBP/USD is trading below the 1.3200 figure and its main SMAs suggesting bearish momentum in the short-term.
Support is at 1.3150 and 1.3060 level.
To the upside, resistance is at 1.3300 figure and 1.3340 level.

Additional key levels

GBP/USD

Overview
Today last price	1.3193
Today Daily Change	-0.0075
Today Daily Change %	-0.57
Today daily open	1.3268

Trends
Daily SMA20	1.3176
Daily SMA50	1.3045
Daily SMA100	1.2909
Daily SMA200	1.2981

Levels
Previous Daily High	1.3312
Previous Daily Low	1.3241
Previous Weekly High	1.3384
Previous Weekly Low	1.296
Previous Monthly High	1.3351
Previous Monthly Low	1.2773
Daily Fibonacci 38.2%	1.3285
Daily Fibonacci 61.8%	1.3268
Daily Pivot Point S1	1.3236
Daily Pivot Point S2	1.3203
Daily Pivot Point S3	1.3165
Daily Pivot Point R1	1.3306
Daily Pivot Point R2	1.3344
Daily Pivot Point R3	1.3377

Author

Flavio Tosti

Independent Analyst

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