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

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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