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GBP/USD Technical Analysis: Cable spikes down below the 1.3000 figure

GBP/USD daily chart

  • GBP/USD is trading below the 200-day simple moving average (SMA) as bears broke below the 1.3000 figure.

GBP/USD 4-hour chart

  • GBP/USD is trading below the 50 and 100 SMA suggesting that bears are regaining control of the market.  

GBP/USD 30-minute chart

  • GBP/USD broke below 1.2990 support as it is trading below its main SMAs.  
  • The next objective for bears is to drive the market to 1.2930 and 1.2900 figure.
  • To the upside, 1.2990 and 1.3025 are seen as resistance.  

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2972
       Today Daily change:  -66  pips
       Today Daily change %:  -0.51%
       Today Daily Open:  1.3038
Trends:
       Daily SMA20:  1.2968
       Daily SMA50:  1.2798
       Daily SMA100:  1.2899
       Daily SMA200:  1.3038
Levels:
       Previous Daily High:  1.3103
       Previous Daily Low:  1.3029
       Previous Weekly High:  1.3212
       Previous Weekly Low:  1.3043
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.3057
       Daily Fibonacci 61.8%:  1.3075
       Daily Pivot Point S1:  1.301
       Daily Pivot Point S2:  1.2982
       Daily Pivot Point S3:  1.2936
       Daily Pivot Point R1:  1.3085
       Daily Pivot Point R2:  1.3132
       Daily Pivot Point R3:  1.316

 

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