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GBP/USD Technical Analysis: Cable under heavy pressure at the 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).
  • As forecast at the start of the New York session, 1.2500 target has been hit.  

GBP/USD 4-hour chart

  • GBP/USD is strongly bearish as the market remains under heavy pressure at 17-month’s low.  


GBP/USD 30-minute chart

  • If 1.2500 support is broken to the downside, the 1.2440 level and 1.2400 figure are likely the next targets for Cable.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2524
       Today Daily change:  -35  pips
       Today Daily change %:  -0.279%
       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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