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

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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

 

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