Home GBP/USD Technical Analysis: Cable bears en route to 1.2500 figure and a new 2018 low
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GBP/USD Technical Analysis: Cable bears en route to 1.2500 figure and a new 2018 low

EUR/USD daily chart

  • GBP/USD is trading in a bear trend below the 50, 100 and 200-day simple moving average (SMA).
  • GBP/USD broke a multi-month support yesterday (Monday December 10).

GBP/USD 4-hour chart

  • GBP/USD is strongly bearish.

GBP/USD 30-minute chart

  • The 1.2560 support is the last bastion for bears.  
  • If 1.2560 is broken, the 1.2500 figure is likely the next destination for Cable.  

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2586
       Today Daily change:  27  pips
       Today Daily change %:  0.215%
       Today Daily Open:  1.2559
Trends:
       Previous Daily SMA20:  1.2792
       Previous Daily SMA50:  1.2922
       Previous Daily SMA100:  1.2953
       Previous Daily SMA200:  1.3281
Levels:
       Previous Daily High:  1.276
       Previous Daily Low:  1.2507
       Previous Weekly High:  1.284
       Previous Weekly Low:  1.2659
       Previous Monthly High:  1.3176
       Previous Monthly Low:  1.2723
       Previous Daily Fibonacci 38.2%:  1.2604
       Previous Daily Fibonacci 61.8%:  1.2663
       Previous Daily Pivot Point S1:  1.2457
       Previous Daily Pivot Point S2:  1.2355
       Previous Daily Pivot Point S3:  1.2204
       Previous Daily Pivot Point R1:  1.2711
       Previous Daily Pivot Point R2:  1.2862
       Previous Daily Pivot Point R3:  1.2964

 

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