- The GBP/USD collapsed over the last twenty-four hours, tumbling back into the 1.2800 region and early Friday trading sees the Cable trapped near Thursday’s closing prices, and bears are set to step back in and renew downside pressure on the pair.
- GBP/USD Forecast: Sterling off October lows as 1.2790 target remains intact in a Brexit stalemate
GBP/USD, M5
The past week showcases the Cable’s downside trend, with the pair testing to the bottom end of a firm bearish channel as sellers routinely step in and force the Sterling lower as Brexit headlines continue to disappoint markets.
GBP/USD, M30
The past six weeks see the Cable struggling to get upcycles into higher territory, with early October’s bullish pullback stalling out at familiar levels just above the 1.3200 major handle, and bearish moves are becoming increasingly more aggressive as the Pound moves into fresh lows.
GBP/USD, H4
GBP/USD
Overview:
Last Price: 1.2814
Daily change: -2.0 pips
Daily change: -0.0156%
Daily Open: 1.2816
Trends:
Daily SMA20: 1.3057
Daily SMA50: 1.302
Daily SMA100: 1.3072
Daily SMA200: 1.3464
Levels:
Daily High: 1.292
Daily Low: 1.2797
Weekly High: 1.3238
Weekly Low: 1.3011
Monthly High: 1.33
Monthly Low: 1.2786
Daily Fibonacci 38.2%: 1.2844
Daily Fibonacci 61.8%: 1.2873
Daily Pivot Point S1: 1.2769
Daily Pivot Point S2: 1.2722
Daily Pivot Point S3: 1.2646
Daily Pivot Point R1: 1.2892
Daily Pivot Point R2: 1.2968
Daily Pivot Point R3: 1.3015
Share
