Home GBP/USD Technical Analysis: Cable at daily lows as focus turns to 1.3030 key support
FXStreet News

GBP/USD Technical Analysis: Cable at daily lows as focus turns to 1.3030 key support

GBP/USD daily chart

  • GBP/USD is down for the second consecutive days as bulls failed to sustain the move above 1.3200 the figure.

GBP/USD 4-hour chart

  • GBP/USD is trading below 1.3100 figure and its 200 SMA.

GBP/USD 30-minute chart

  • GBP/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
  • If bears can break 1.3030 key support then 1.2990 and 1.2900 can be on the cards for bears.
  • Immediate resistances are at 1.3070 and 1.3100 level.


Additional key levels

 

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.