GBP/USD Technical Analysis: Cable breaks below the 1.3000 figure on Brexit news

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is pulling back down to its 50 and 200-day simple moving averages (SMAs).
EU’s Brexit offer said to have already been rejected by UK.

GBP/USD 4-hour chart

GBP/USD broke below its main SMAs suggesting negative momentum in the medium-term.

GBP/USD 30-minute chart

GBP/USD is trading below its main SMAs suggesting a bearish bias.
A break below 1.3000 figure can lead to the 1.2920 level.
Resistances are at 1.3060 and 1.3100 figure.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.3004
    Today Daily change: -70 pips
    Today Daily change %: -0.54%
    Today Daily Open: 1.3074
Trends:
    Daily SMA20: 1.3055
    Daily SMA50: 1.2965
    Daily SMA100: 1.2883
    Daily SMA200: 1.2988
Levels:
    Previous Daily High: 1.3187
    Previous Daily Low: 1.3068
    Previous Weekly High: 1.3351
    Previous Weekly Low: 1.3051
    Previous Monthly High: 1.3351
    Previous Monthly Low: 1.2773
    Daily Fibonacci 38.2%: 1.3113
    Daily Fibonacci 61.8%: 1.3141
    Daily Pivot Point S1: 1.3032
    Daily Pivot Point S2: 1.2991
    Daily Pivot Point S3: 1.2914
    Daily Pivot Point R1: 1.3151
    Daily Pivot Point R2: 1.3228
    Daily Pivot Point R3: 1.3269

Author

Flavio Tosti

Independent Analyst

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