GBP/USD Technical Analysis: The 1.2600 figure is back on the bears radar screen as USD strengthens

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages.

GBP/USD 4-hour chart

GBP/USD tested the 50 SMA and the 1.2700 figure.

GBP/USD 30-minute chart

GBP/USD is set to weaken and revisit 1.2600 figure.
A break below 1.2600 should open the gates to 1.2560 and the 1.2480 level.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2632
    Today Daily change: -39 pips
    Today Daily change %: -0.308%
    Today Daily Open: 1.2671
Trends:
    Previous Daily SMA20: 1.2752
    Previous Daily SMA50: 1.2907
    Previous Daily SMA100: 1.2941
    Previous Daily SMA200: 1.3269
Levels:
    Previous Daily High: 1.2672
    Previous Daily Low: 1.2477
    Previous Weekly High: 1.284
    Previous Weekly Low: 1.2659
    Previous Monthly High: 1.3176
    Previous Monthly Low: 1.2723
    Previous Daily Fibonacci 38.2%: 1.2598
    Previous Daily Fibonacci 61.8%: 1.2551
    Previous Daily Pivot Point S1: 1.2541
    Previous Daily Pivot Point S2: 1.2411
    Previous Daily Pivot Point S3: 1.2346
    Previous Daily Pivot Point R1: 1.2736
    Previous Daily Pivot Point R2: 1.2802
    Previous Daily Pivot Point R3: 1.2932

Author

Flavio Tosti

Independent Analyst

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