GBP/USD Technical Analysis: Cable bears drive the market below the 1.2900 figure

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is in a bear trend below its 200-day simple moving averages (SMA).

GBP/USD 4-hour chart

GBP/USD is trading above its mains SMAs.

GBP/USD 30-minute chart

As bears broke below the 1.2900 figure and the 200 SMA, GBP/USD is set to decline toward the 1.2820 level.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2875
    Today Daily change: -0.0113 pips
    Today Daily change %: -0.87%
    Today Daily Open: 1.2988
Trends:
    Daily SMA20: 1.275
    Daily SMA50: 1.2752
    Daily SMA100: 1.2892
    Daily SMA200: 1.3099
Levels:
    Previous Daily High: 1.3002
    Previous Daily Low: 1.2832
    Previous Weekly High: 1.2866
    Previous Weekly Low: 1.2704
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Daily Fibonacci 38.2%: 1.2937
    Daily Fibonacci 61.8%: 1.2897
    Daily Pivot Point S1: 1.288
    Daily Pivot Point S2: 1.2771
    Daily Pivot Point S3: 1.271
    Daily Pivot Point R1: 1.3049
    Daily Pivot Point R2: 1.311
    Daily Pivot Point R3: 1.3219

Author

Flavio Tosti

Independent Analyst

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