- GBP/USD is under bearish pressure below the 1.2700 handle.
- The market is currently challenging the daily low near 1.2591 support.
Breaking: GBP/USD slumps to 2-week lows below 1.26 on Carney’s cautious tone
GBP/USD daily chart
GBP/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The market remains under pressure below the 1.2700 figure.
GBP/USD 4-hour chart
Cable is trading below its main SMAs suggesting bearish momentum in the medium term. The market reached 1.2591 support on Carney’s comment. The market can continue sliding down towards, 1.2545, according to the Technical Confluences Indicator.
GBP/USD 30-minute chart
GBP/USD is trading below its main SMAs suggesting bearish momentum in the near term. Resistances are seen at 1.2617 and 1.2645, according to the Technical Confluences Indicator.
Additional key levels