GBP/USD Technical Analysis: Cable directionless amidst Brexit chaos

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is consolidating above the 200-day simple moving average (SMA) while rejecting the 1.3100 level and the 50 SMA.

GBP/USD 4-hour chart

GBP/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

GBP/USD 30-minute chart

GBP/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
The main support to the downside is seen at 1.3000 and 1.2960 level.
Immediate resistance is seen at 1.3080 and 1.3120 level.

Additional key levels

GBP/USD

Overview
Today last price	1.3058
Today Daily Change	0.0005
Today Daily Change %	0.04
Today daily open	1.3053

Trends
Daily SMA20	1.3161
Daily SMA50	1.3095
Daily SMA100	1.2936
Daily SMA200	1.2974

Levels
Previous Daily High	1.3122
Previous Daily Low	1.303
Previous Weekly High	1.3196
Previous Weekly Low	1.2987
Previous Monthly High	1.3384
Previous Monthly Low	1.296
Daily Fibonacci 38.2%	1.3065
Daily Fibonacci 61.8%	1.3087
Daily Pivot Point S1	1.3014
Daily Pivot Point S2	1.2976
Daily Pivot Point S3	1.2922
Daily Pivot Point R1	1.3107
Daily Pivot Point R2	1.3161
Daily Pivot Point R3	1.3199

Author

Flavio Tosti

Independent Analyst

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