GBP/USD Technical Analysis: Cable under heavy pressure at the 2018 low

Flavio Tosti Independent Analyst

EUR/USD daily chart

GBP/USD is trading in a bear trend below the 50, 100 and 200-day simple moving average (SMA).
As forecast at the start of the New York session, 1.2500 target has been hit.

GBP/USD 4-hour chart

GBP/USD is strongly bearish as the market remains under heavy pressure at 17-month’s low.

GBP/USD 30-minute chart

If 1.2500 support is broken to the downside, the 1.2440 level and 1.2400 figure are likely the next targets for Cable.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2524
    Today Daily change: -35 pips
    Today Daily change %: -0.279%
    Today Daily Open: 1.2559
Trends:
    Previous Daily SMA20: 1.2792
    Previous Daily SMA50: 1.2922
    Previous Daily SMA100: 1.2953
    Previous Daily SMA200: 1.3281
Levels:
    Previous Daily High: 1.276
    Previous Daily Low: 1.2507
    Previous Weekly High: 1.284
    Previous Weekly Low: 1.2659
    Previous Monthly High: 1.3176
    Previous Monthly Low: 1.2723
    Previous Daily Fibonacci 38.2%: 1.2604
    Previous Daily Fibonacci 61.8%: 1.2663
    Previous Daily Pivot Point S1: 1.2457
    Previous Daily Pivot Point S2: 1.2355
    Previous Daily Pivot Point S3: 1.2204
    Previous Daily Pivot Point R1: 1.2711
    Previous Daily Pivot Point R2: 1.2862
    Previous Daily Pivot Point R3: 1.2964

Author

Flavio Tosti

Independent Analyst

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