GBP/USD Technical Analysis: Traders are playing ping pong between 1.2700 and 1.2800 figures

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
GBP/USD is trading near 4-month’s lows.

GBP/USD 4-hour chart

GBP/USD is trading below its main SMAs.
Market players are playing ping pong between the 1.2700 and 1.2800 figures.

GBP/USD 30-minute chart

GBP/USD finds some resistance at the 200 SMA.
Cable remains weak and a drop to 1.2700 and 1.2670 might be next.

Key additional level

GBP/USD

Overview:
    Today Last Price: 1.2748
    Today Daily change: 37 pips
    Today Daily change %: 0.291%
    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

Flavio Tosti

Independent Analyst

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