GBP/USD Technical Analysis: More choppiness and weakness in the New York session below 1.2880 level

Flavio Tosti Independent Analyst

GBP/USD 4-hour chart

GBP/USD is trading in a bear trend below the 200-period simple moving average.

GBP/USD 30-minute chart

GBP/USD is weakening below the 1.2880 level as technical indicators are decelerating.
GBP/USD is set to trade sideways to down in the rest of the New York session with 1.2800 as an intraday support.
A break of 1.2800 should lead to a move to 1.2723, November 15 low.

Additional key levels at a glance:

GBP/USD

Overview:
    Last Price: 1.2827
    Daily change: -2.0 pips
    Daily change: -0.0156%
    Daily Open: 1.2829
Trends:
    Daily SMA20: 1.2922
    Daily SMA50: 1.3031
    Daily SMA100: 1.3019
    Daily SMA200: 1.3374
Levels:
    Daily High: 1.2878
    Daily Low: 1.2759
    Weekly High: 1.3074
    Weekly Low: 1.2724
    Monthly High: 1.326
    Monthly Low: 1.2696
    Daily Fibonacci 38.2%: 1.2833
    Daily Fibonacci 61.8%: 1.2805
    Daily Pivot Point S1: 1.2765
    Daily Pivot Point S2: 1.2702
    Daily Pivot Point S3: 1.2646
    Daily Pivot Point R1: 1.2885
    Daily Pivot Point R2: 1.2942
    Daily Pivot Point R3: 1.3005

Author

Flavio Tosti

Independent Analyst

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