Home GBP/USD technical analysis: Cable under pressure below the 1.2100 handle
FXStreet News

GBP/USD technical analysis: Cable under pressure below the 1.2100 handle

  • GBP/USD is weak below 1.2100 in the New York session
  • The levels to beat for bears are the 1.2065 and 1.2052 levels.
 

GBP/USD daily chart

 
The Cable is trading in a bear trend below the main daily simple moving averages (SMAs).  

GBP/USD 4-hour chart

 
GBP/USD is trading below 1.2097 resistance and the 100/200 SMAs suggesting a bearish bias in the medium term. The levels to beat for bears are 1.2065, followed by 1.2052, 1.2021 according to the Technical Confluences Indicator.
 

GBP/USD 30-minute chart

 
GBP/USD is losing steam on Tuesday. Immediate resistances are seen at 1.2097, 1.2122, 1.2141, 1.2154 and the 1.2173 level, according to the Technical Confluences Indicator.
 
 
 

Additional key levels

 

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.