Home GBP/USD Technical Analysis: Cable bears piercing through the 1.2900 figure to the downside
FXStreet News

GBP/USD Technical Analysis: Cable bears piercing through the 1.2900 figure to the downside

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-day simple moving average.  
  • The market is currently testing the 100 SMA.  

GBP/USD 4-hour chart

  • GBP/USD is challenging the 1.2900 figure and the 200 SMA.  

GBP/USD 30-minute chart

  • GBP/USD bears are currently breaking the 1.2900 figure suggesting that the market can drop to the 1.2860 support in the short-term.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2902
       Today Daily change:  -33  pips
       Today Daily change %:  -0.26%
       Today Daily Open:  1.2935
Trends:
       Daily SMA20:  1.3002
       Daily SMA50:  1.2812
       Daily SMA100:  1.2891
       Daily SMA200:  1.3024
Levels:
       Previous Daily High:  1.2976
       Previous Daily Low:  1.2921
       Previous Weekly High:  1.3103
       Previous Weekly Low:  1.2854
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.2942
       Daily Fibonacci 61.8%:  1.2955
       Daily Pivot Point S1:  1.2912
       Daily Pivot Point S2:  1.2889
       Daily Pivot Point S3:  1.2856
       Daily Pivot Point R1:  1.2967
       Daily Pivot Point R2:  1.3
       Daily Pivot Point R3:  1.3023

 

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.