GBP/USD technical analysis: Cable ending the day on its lows below 1.2700 figure

GBP/USD weakens below 1.2700.
The level to beat for bears is 1.2650.

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is consolidating after the selloff seen in May.

GBP/USD 4-hour chart

The market is trading below 1.2700 and its main simple moving averages (SMAs).

GBP/USD 30-minute chart

The range remains intact as Cable is trading between the 1.2650 and 1.2750 levels. Bears need a break below 1.2650 to reach 1.2600. Resistance is at 1.2750 and 1.2800 figure.

Additional key levels

GBP/USD

Overview
Today last price	1.2674
Today Daily Change	-0.0016
Today Daily Change %	-0.13
Today daily open	1.269

Trends
Daily SMA20	1.2688
Daily SMA50	1.2882
Daily SMA100	1.2991
Daily SMA200	1.2943

Levels
Previous Daily High	1.2759
Previous Daily Low	1.2681
Previous Weekly High	1.2763
Previous Weekly Low	1.261
Previous Monthly High	1.3178
Previous Monthly Low	1.2559
Daily Fibonacci 38.2%	1.2711
Daily Fibonacci 61.8%	1.2729
Daily Pivot Point S1	1.2661
Daily Pivot Point S2	1.2632
Daily Pivot Point S3	1.2583
Daily Pivot Point R1	1.2739
Daily Pivot Point R2	1.2788
Daily Pivot Point R3	1.2817

Author

Flavio Tosti

Independent Analyst

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