GBP/USD Technical Analysis: Cable dropping 80 pips as UK PM May survives the no-confidence vote

Flavio Tosti Independent Analyst

GBP/USD 30-minute chart

GBP/USD is trading in a bear trend below the 200-period simple moving average.
GBP/USD lost about 80 pips as UK PM May survives the no-confidence vote.
GBP/USD is set to weaken towards 1.2540 and 1.2480 support.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2605
    Today Daily change: 1.1e+2 pips
    Today Daily change %: 0.864%
    Today Daily Open: 1.2497
Trends:
    Previous Daily SMA20: 1.2769
    Previous Daily SMA50: 1.2913
    Previous Daily SMA100: 1.2946
    Previous Daily SMA200: 1.3275
Levels:
    Previous Daily High: 1.2639
    Previous Daily Low: 1.2481
    Previous Weekly High: 1.284
    Previous Weekly Low: 1.2659
    Previous Monthly High: 1.3176
    Previous Monthly Low: 1.2723
    Previous Daily Fibonacci 38.2%: 1.2542
    Previous Daily Fibonacci 61.8%: 1.2579
    Previous Daily Pivot Point S1: 1.2439
    Previous Daily Pivot Point S2: 1.2381
    Previous Daily Pivot Point S3: 1.2281
    Previous Daily Pivot Point R1: 1.2598
    Previous Daily Pivot Point R2: 1.2698
    Previous Daily Pivot Point R3: 1.2756

Author

Flavio Tosti

Independent Analyst

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