GBP/USD Technical Analysis: Cable drops 60 pips as DUP is not supporting the Brexit deal

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).
It has just been reported that the DUP (Democratic Unionist Party) is not supporting the Brexit deal and GBP/USD loses about 60 pips on the news.

GBP/USD 4-hour chart

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

GBP/USD 30-minute chart

GBP/USD bears are trying to break below 1.3200 figure. The market is likely to continue to weaken towards 1.3150 level. Further down 1.3100 and 1.3060 are the next supports.
Resistances are seen at 1.3250 and 1.3300 figure.

Additional key levels

GBP/USD

Overview
Today last price	1.3191
Today Daily Change	-0.0017
Today Daily Change %	-0.13
Today daily open	1.3208

Trends
Daily SMA20	1.3197
Daily SMA50	1.308
Daily SMA100	1.2919
Daily SMA200	1.2979

Levels
Previous Daily High	1.3263
Previous Daily Low	1.3158
Previous Weekly High	1.3312
Previous Weekly Low	1.3003
Previous Monthly High	1.3351
Previous Monthly Low	1.2773
Daily Fibonacci 38.2%	1.3223
Daily Fibonacci 61.8%	1.3198
Daily Pivot Point S1	1.3156
Daily Pivot Point S2	1.3104
Daily Pivot Point S3	1.305
Daily Pivot Point R1	1.3261
Daily Pivot Point R2	1.3315
Daily Pivot Point R3	1.3367

Author

Flavio Tosti

Independent Analyst

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