GBP/USD Technical Analysis: Cable volatile on Brexit chaos

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading is in consolidation mode above its 200-day simple moving average (SMAs).
GBP/USD is very volatile as the Brexit votes are unfolding.

GBP/USD 4-hour chart

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

GBP/USD 30-minute chart

GBP/USD is trading below its main SMAs suggesting a bearish momentum in the short-term.
Key support to break for bears is 1.2965. Further down the next main support is seen at 1.2830.
Resistance is at 1.3100 and 1.3150 level.

Additional key levels

GBP/USD

Overview
Today last price	1.2984
Today Daily Change	-0.0064
Today Daily Change %	-0.49
Today daily open	1.3048

Trends
Daily SMA20	1.318
Daily SMA50	1.3087
Daily SMA100	1.292
Daily SMA200	1.2978

Levels
Previous Daily High	1.3216
Previous Daily Low	1.3035
Previous Weekly High	1.3312
Previous Weekly Low	1.3003
Previous Monthly High	1.3351
Previous Monthly Low	1.2773
Daily Fibonacci 38.2%	1.3104
Daily Fibonacci 61.8%	1.3147
Daily Pivot Point S1	1.2983
Daily Pivot Point S2	1.2918
Daily Pivot Point S3	1.2801
Daily Pivot Point R1	1.3164
Daily Pivot Point R2	1.3281
Daily Pivot Point R3	1.3346

Author

Flavio Tosti

Independent Analyst

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