GBP/USD Technical Analysis: Cable dropping towards 1.3000 handle

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading is in consolidation mode above its 200-day simple moving average (SMAs).

GBP/USD 4-hour chart

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

GBP/USD 30-minute chart

A break below 1.3060 support should see Cable continuing weakening towards 1.3000 and 1.2960 level.
Resistances are seen at 1.3100 and 1.3150 level.

Additional key levels

GBP/USD

Overview
Today last price	1.3074
Today Daily Change	-0.0117
Today Daily Change %	-0.89
Today daily open	1.3191

Trends
Daily SMA20	1.3191
Daily SMA50	1.3086
Daily SMA100	1.292
Daily SMA200	1.2979

Levels
Previous Daily High	1.327
Previous Daily Low	1.3167
Previous Weekly High	1.3312
Previous Weekly Low	1.3003
Previous Monthly High	1.3351
Previous Monthly Low	1.2773
Daily Fibonacci 38.2%	1.3206
Daily Fibonacci 61.8%	1.323
Daily Pivot Point S1	1.3148
Daily Pivot Point S2	1.3106
Daily Pivot Point S3	1.3045
Daily Pivot Point R1	1.3251
Daily Pivot Point R2	1.3312
Daily Pivot Point R3	1.3354

Author

Flavio Tosti

Independent Analyst

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