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GBP/USD daily chart

  • GBP/USD is trading below its 200-day simple moving average (SMA).


GBP/USD 4-hour chart

  • GBP/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.


GBP/USD 30-minute chart

  • The market is trading below its main SMAs suggesting a bearish bias in the short-term.  
  • A break below 1.2950 support should open the gates to 1.2900 figure.  
  • Strong resistance is seen at 1.3000 figure and 1.3040 level.  

Additional key levels