GBP/USD Technical Analysis: Cable en route to 1.2800 figure as Brexit chaos unfolds

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is in a bear trend below its main simple moving averages (SMAs).
GBP/USD traders are currently rejecting the 1.2900 figure along with the 100 SMA.
The Brexit deal saga is likely to provide much volatility.

GBP/USD 4-hour chart

GBP/USD is trading above its main SMA.

GBP/USD 30-minute chart

Bears are pushing below 1.2850 support opening the door to 1.2800 and 1.2720 targets.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2845
    Today Daily change: -23 pips
    Today Daily change %: -0.179%
    Today Daily Open: 1.2868
Trends:
    Previous Daily SMA20: 1.2708
    Previous Daily SMA50: 1.2763
    Previous Daily SMA100: 1.2893
    Previous Daily SMA200: 1.3118
Levels:
    Previous Daily High: 1.2931
    Previous Daily Low: 1.2818
    Previous Weekly High: 1.2866
    Previous Weekly Low: 1.2704
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Previous Daily Fibonacci 38.2%: 1.2888
    Previous Daily Fibonacci 61.8%: 1.2861
    Previous Daily Pivot Point S1: 1.2813
    Previous Daily Pivot Point S2: 1.2759
    Previous Daily Pivot Point S3: 1.27
    Previous Daily Pivot Point R1: 1.2926
    Previous Daily Pivot Point R2: 1.2985
    Previous Daily Pivot Point R3: 1.304

Author

Flavio Tosti

Independent Analyst

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