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


GBP/USD daily chart

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

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

EUR/USD alternates gains with losses near 1.0720 post-US PCE

EUR/USD alternates gains with losses near 1.0720 post-US PCE

The bullish tone in the Greenback motivates EUR/USD to maintain its daily range in the low 1.070s in the wake of firmer-than-estimated US inflation data measured by the PCE.

EUR/USD News

GBP/USD clings to gains just above 1.2500 on US PCE

GBP/USD clings to gains just above 1.2500 on US PCE

GBP/USD keeps its uptrend unchanged and navigates the area beyond 1.2500 the figure amidst slight gains in the US Dollar following the release of US inflation tracked by the PCE.

GBP/USD News

Gold keeps its daily gains near $2,350 following US inflation

Gold keeps its daily gains near $2,350 following US inflation

Gold prices maintain their constructive bias around $2,350 after US inflation data gauged by the PCE surpassed consensus in March and US yields trade with slight losses following recent peaks.

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read more

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.

Read more

Forex MAJORS

Cryptocurrencies

Signatures