Home GBP/USD Technical Analysis: Bulls having little effect clawing back from opening gap into 1.3100
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GBP/USD Technical Analysis: Bulls having little effect clawing back from opening gap into 1.3100

  • The GBP/USD is facing significant downside pressure at the week’s open as Brexit headlines continue to flush investor confidence down the pipes, pushing the Cable off of last week’s peaks and back into the 1.3100 barrier.
  • The Pound slipped passed the 1.3150 barrier on the week’s opening gap, and bidders have had little effect in the Asian market session closing the door as downside pressure remains present.
  • Without a close of the gap, the Cable is set for a prolonged slide into early October’s key support levels near 1.3030, while the upside will remain constrained by 1.3150.

GBP/USD Chart, 15-Minute

GBP/USD

Overview:
       Last Price:  1.3108
       Daily change:  -47  pips
       Daily change:  -0.357%
       Daily Open:  1.3155
Trends:
       Daily SMA20:  1.3114
       Daily SMA50:  1.2982
       Daily SMA100:  1.3101
       Daily SMA200:  1.3491
Levels:
       Daily High:  1.326
       Daily Low:  1.3146
       Weekly High:  1.326
       Weekly Low:  1.3028
       Monthly High:  1.33
       Monthly Low:  1.2922
       Daily Fibonacci 38.2%:  1.319
       Daily Fibonacci 61.8%:  1.3216
       Daily Pivot Point S1:  1.3114
       Daily Pivot Point S2:  1.3074
       Daily Pivot Point S3:  1.3001
       Daily Pivot Point R1:  1.3227
       Daily Pivot Point R2:  1.33
       Daily Pivot Point R3:  1.334

 

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