GBP/USD technical analysis: Cable under pressure below 1.2650 as BoE’s Carney speak


  • GBP/USD under bearish pressure, trading below its main moving averages.
  • A break below 1.2650 would open the doors for Cable to 1.2600 and 1.2550.

GBP/USD is trading under pressure on fresh USD bullish run. The Cable is heading to the weekend trading below its main moving averages. 

Investors will be listening to Bank of England’s Carney speech at 12.55 GMT. Earlier, the Retail Sales Control Group in May beats expectations at 0.5% vs. 0.4% forecast. Coming up next is the Michigan Consumer Sentiment Index at 14.00 GMT.

GBP/USD daily chart

GBP/USD is trading in a bear trend below its main simple moving averages.


GBP/USD 4-hour chart

The market is under pressure below 1.2650 and its main simple moving averages (SMAs). 

GBP/USD 30-minute chart

Bears broke below 1.2650 opening the gates to 1.2600 and 1.2560. Resistance is at 1.2650 and 1.2700 figure.


 

Additional key levels

GBP/USD

Overview
Today last price 1.2621
Today Daily Change -0.0053
Today Daily Change % -0.42
Today daily open 1.2674
 
Trends
Daily SMA20 1.2681
Daily SMA50 1.2874
Daily SMA100 1.2988
Daily SMA200 1.2941
Levels
Previous Daily High 1.2708
Previous Daily Low 1.2662
Previous Weekly High 1.2763
Previous Weekly Low 1.261
Previous Monthly High 1.3178
Previous Monthly Low 1.2559
Daily Fibonacci 38.2% 1.268
Daily Fibonacci 61.8% 1.2691
Daily Pivot Point S1 1.2654
Daily Pivot Point S2 1.2635
Daily Pivot Point S3 1.2608
Daily Pivot Point R1 1.2701
Daily Pivot Point R2 1.2728
Daily Pivot Point R3 1.2747

 

 

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