GBP/USD Technical Analysis: Cable falling from daily highs as bears challenge 1.2950 level

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading below its 200-day simple moving average (SMA).

GBP/USD 4-hour chart

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

GBP/USD 30-minute chart

The market is trading below its main SMAs suggesting a bearish bias in the short-term.
A break below 1.2950 support should open the gates to 1.2900 figure.
Strong resistance is seen at 1.3000 figure and 1.3040 level.

Additional key levels

GBP/USD

Overview
Today last price	1.2955
Today Daily Change	-0.0025
Today Daily Change %	-0.19
Today daily open	1.298

Trends
Daily SMA20	1.3073
Daily SMA50	1.3102
Daily SMA100	1.2959
Daily SMA200	1.2965

Levels
Previous Daily High	1.3001
Previous Daily Low	1.2975
Previous Weekly High	1.312
Previous Weekly Low	1.2978
Previous Monthly High	1.3384
Previous Monthly Low	1.296
Daily Fibonacci 38.2%	1.2985
Daily Fibonacci 61.8%	1.2991
Daily Pivot Point S1	1.297
Daily Pivot Point S2	1.296
Daily Pivot Point S3	1.2944
Daily Pivot Point R1	1.2995
Daily Pivot Point R2	1.3011
Daily Pivot Point R3	1.3021

Author

Flavio Tosti

Independent Analyst

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