Home GBP/USD Technical Analysis:  Cable spiking to 1.2900 level – Bearish bias remains intact
FXStreet News

GBP/USD Technical Analysis:  Cable spiking to 1.2900 level – Bearish bias remains intact

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below its main simple moving averages (SMAs).  
  • GBP/USD is trading near the November lows as technical indicators are weak.

GBP/USD 4-hour chart

  • GBP/USD found resistance near the 1.2880 level.
  • GBP/USD is trading below its 200 SMA.  

GBP/USD 30-minute chart

  • The spike was lead by news and will likely be erased in the coming sessions.  
  • Targets to the downside are seen near 1.2800 figure and 1.2720 level.  

 

Additional key levels

GBP/USD

Overview:
       Last Price:  1.2871
       Daily change:  98  pips
       Daily change:  0.767%
       Daily Open:  1.2773
Trends:
       Daily SMA20:  1.2901
       Daily SMA50:  1.3017
       Daily SMA100:  1.3008
       Daily SMA200:  1.3358
Levels:
       Daily High:  1.2821
       Daily Low:  1.2764
       Weekly High:  1.3074
       Weekly Low:  1.2724
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.2786
       Daily Fibonacci 61.8%:  1.28
       Daily Pivot Point S1:  1.2751
       Daily Pivot Point S2:  1.2729
       Daily Pivot Point S3:  1.2694
       Daily Pivot Point R1:  1.2809
       Daily Pivot Point R2:  1.2844
       Daily Pivot Point R3:  1.2866

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.