GBP/USD Technical Analysis: Cable weakening below 1.2920 level

FX Street

Updated: 25 Apr. 2019 | 23:42

GBP/USD daily chart

GBP/USD is drifting down below its main SMAs suggesting an overall bearish bias.

GBP/USD 4-hour chart

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

GBP/USD 30-minute chart

GBP/USD is capped below the 1.2920 resistance and the 50 SMA.
The bias stays tilted to the downside as the level to beat for bears is 1.2860 and 1.2820 support.
Resistances are seen at 1.2920 and 1.2950 level.

Additional key levels

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