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GBP/USD technical analysis: Cable under pressure below the 1.2100 handle

  • GBP/USD is weak below 1.2100 in the New York session
  • The levels to beat for bears are the 1.2065 and 1.2052 levels.
 

GBP/USD daily chart

 
The Cable is trading in a bear trend below the main daily simple moving averages (SMAs). 

GBP/USD 4-hour chart

 
GBP/USD is trading below 1.2097 resistance and the 100/200 SMAs suggesting a bearish bias in the medium term. The levels to beat for bears are 1.2065, followed by 1.2052, 1.2021 according to the Technical Confluences Indicator.
 

GBP/USD 30-minute chart

 
GBP/USD is losing steam on Tuesday. Immediate resistances are seen at 1.2097, 1.2122, 1.2141, 1.2154 and the 1.2173 level, according to the Technical Confluences Indicator.
 
 
 

Additional key levels

GBP/USD

Overview
Today last price1.2096
Today Daily Change-0.0031
Today Daily Change %-0.26
Today daily open1.2127
 
Trends
Daily SMA201.2188
Daily SMA501.243
Daily SMA1001.2665
Daily SMA2001.2794
Levels
Previous Daily High1.2173
Previous Daily Low1.2105
Previous Weekly High1.2176
Previous Weekly Low1.2015
Previous Monthly High1.2706
Previous Monthly Low1.2119
Daily Fibonacci 38.2%1.2131
Daily Fibonacci 61.8%1.2147
Daily Pivot Point S11.2097
Daily Pivot Point S21.2067
Daily Pivot Point S31.2029
Daily Pivot Point R11.2165
Daily Pivot Point R21.2203
Daily Pivot Point R31.2233

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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