Home GBP/USD Technical Analysis: Cable bears show no mercy as the market reverse daily gains – 1.2700 figure in sight
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GBP/USD Technical Analysis: Cable bears show no mercy as the market reverse daily gains – 1.2700 figure in sight

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
  • GBP/USD reached the 1.2800 target as forecast.  

GBP/USD 4-hour chart

  • Cable bears were quick to erase the gains made to 1.2800 figure as the market rejected the 100 SMA.
  • GBP/USD is back to the November lows.

GBP/USD 30-minute chart

  • GBP/USD bears reversed the daily gains to 1.2800.  
  • The momentum is back to negative and a push down to 1.2700 is likely the next objective for sellers.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2732
       Today Daily change:  4.0  pips
       Today Daily change %:  0.0314%
       Today Daily Open:  1.2728
Trends:
       Previous Daily SMA20:  1.2871
       Previous Daily SMA50:  1.2962
       Previous Daily SMA100:  1.2972
       Previous Daily SMA200:  1.3311
Levels:
       Previous Daily High:  1.2826
       Previous Daily Low:  1.2699
       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%:  1.2747
       Previous Daily Fibonacci 61.8%:  1.2777
       Previous Daily Pivot Point S1:  1.2676
       Previous Daily Pivot Point S2:  1.2624
       Previous Daily Pivot Point S3:  1.2549
       Previous Daily Pivot Point R1:  1.2803
       Previous Daily Pivot Point R2:  1.2878
       Previous Daily Pivot Point R3:  1.293

 

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