GBP/USD technical analysis: Cable is melting down nearing the 1.2700 figure

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is in free fall below its main simple moving averages (SMAs). The market can continue to fall towards, 1.2700 figure, 1.2670 swing low and 1.2550 figure.

GBP/USD 4-hour chart

GBP/USD is trading steeply down below its main SMAs.

GBP/USD 30-minute chart

Cable is trading below its main SMAs as the market is breaking support levels one after another. To the downside, 1.2700 and 1.2670 can be next while 1.2750/70 and 1.2800 are seen as resistances.

Additional key levels

GBP/USD

Overview
Today last price	1.2727
Today Daily Change	-0.0072
Today Daily Change %	-0.56
Today daily open	1.2799

Trends
Daily SMA20	1.2977
Daily SMA50	1.3068
Daily SMA100	1.3017
Daily SMA200	1.2958

Levels
Previous Daily High	1.2862
Previous Daily Low	1.2788
Previous Weekly High	1.3171
Previous Weekly Low	1.2967
Previous Monthly High	1.3196
Previous Monthly Low	1.2865
Daily Fibonacci 38.2%	1.2816
Daily Fibonacci 61.8%	1.2834
Daily Pivot Point S1	1.277
Daily Pivot Point S2	1.2741
Daily Pivot Point S3	1.2695
Daily Pivot Point R1	1.2845
Daily Pivot Point R2	1.2891
Daily Pivot Point R3	1.292

Author

Flavio Tosti

Independent Analyst

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