GBP/USD technical analysis: GBP is going down, going down …


GBP/USD daily chart

GBP/USD is trading down in almost a vertical fashion below its main simple moving averages (SMAs). GBP/USD is nearing 1.2773, February low.


GBP/USD 4-hour chart

GBP/USD is challenging 1.2800 the figure opening the doors to further downside towards 1.2773, 1.2750 and 1.2700 figure.


GBP/USD 30-minute chart

Cable is trading below its main SMAs as the market is trading in a steep downtrend. Resistances are seen at 1.2840/80 and 1.2900 figure.

Additional key levels

GBP/USD

Overview
Today last price 1.2796
Today Daily Change -0.0052
Today Daily Change % -0.40
Today daily open 1.2848
 
Trends
Daily SMA20 1.2986
Daily SMA50 1.3073
Daily SMA100 1.3015
Daily SMA200 1.2958
Levels
Previous Daily High 1.2924
Previous Daily Low 1.2826
Previous Weekly High 1.3171
Previous Weekly Low 1.2967
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.2863
Daily Fibonacci 61.8% 1.2886
Daily Pivot Point S1 1.2808
Daily Pivot Point S2 1.2768
Daily Pivot Point S3 1.2711
Daily Pivot Point R1 1.2906
Daily Pivot Point R2 1.2963
Daily Pivot Point R3 1.3003

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex News

Editors’ Picks

EUR/USD pressured around 1.13 after jump in US jobs

EUR/USD is trading around 1.13, down after US Non-Farm Payrolls shocked with a leap of 2.5 million jobs in May, contrary to all projections. The greenback is gaining while stocks are falling, a correlation breakdown. ECB stimulus previously supported the euro.

EUR/USD News

GBP/USD retreats from highs

GBP/USD is trading below 1.27, off the highs. The pound is struggling after Chief EU Negotiator Barnier reported little progress in Brexit talks. Robust US jobs support the dollar.

GBP/USD News

Gold sees weekly closing below $1700 - a caution for bulls

The steady decline in Gold prices (futures on Comex) accelerated on Friday, as the rates closed the week below the 1700 mark for the first time in three weeks at 1688.35. A weekly closing below the key 1700 level is unlikely to bode well for the bulls.

Gold News

Institutional demand exceeds Bitcoins supply

Greyscale floods the market with fresh money to satisfy the demand of its clients. Investors, willing to pay a 29% surcharge for exposure to Bitcoin without suffering the legal and operational inconveniences. Market remains at risk on the verge of new bullish territory.

Read more

WTI rallies above $39 as focus shifts to OPEC+ meeting

Crude oil prices built on Thursday's modest gains and rose sharply on Friday boosted by the upbeat market mood optimism surrounding Saturday's OPEC+ meeting. 

Oil News

Forex MAJORS

Cryptocurrencies

Signatures