GBP/USD Technical Analysis: Set to continue breakdown into fresh 18-month lows

GBP/USD trading into 12680 after slipping the 1.2700 handle in Wednesday's early Asia market window.

Joshua Gibson FXStreet

GBP/USD, 5-Minute

The Cable remains grudgingly bearish despite frequent swings to the upside, fueled largely by fundamental flows on Brexit.

GBP/USD, 30-Minute

Steep declines have been the hallmark of GBP/USD over the last quarter, but the tick into a new 18-month low at 1.2658 may have opened the door to further downside for the Cable.

GBP/USD, 4-Hour

GBP/USD

Overview:
    Today Last Price: 1.2681
    Today Daily change: -30 pips
    Today Daily change %: -0.236%
    Today Daily Open: 1.2711
Trends:
    Previous Daily SMA20: 1.2852
    Previous Daily SMA50: 1.2952
    Previous Daily SMA100: 1.2968
    Previous Daily SMA200: 1.3304
Levels:
    Previous Daily High: 1.284
    Previous Daily Low: 1.2659
    Previous Weekly High: 1.2864
    Previous Weekly Low: 1.2725
    Previous Monthly High: 1.3176
    Previous Monthly Low: 1.2723
    Previous Daily Fibonacci 38.2%: 1.2728
    Previous Daily Fibonacci 61.8%: 1.2771
    Previous Daily Pivot Point S1: 1.2633
    Previous Daily Pivot Point S2: 1.2555
    Previous Daily Pivot Point S3: 1.2452
    Previous Daily Pivot Point R1: 1.2815
    Previous Daily Pivot Point R2: 1.2918
    Previous Daily Pivot Point R3: 1.2996

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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