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GBP/USD Technical Analysis: Hampered by resistance, aiming below 1.2600

  • Intraday action on GBP/USD remains underpinned by soft support from the 1.2600-12615 zone, and swings higher continue to fail to develop meaningful momentum as the Sterling continues to be cowed by Brexit headlines.

GBP/USD, 5-Minute

  • The past two weeks have seen the Cable break near-term consolidation to mark in a new 20-month low at 1.2477, and the bullish recovery saw stiff new resistance priced in at the previous support level of 1.2670.

GBP/USD, 30-Minute

  • The past two months sees  the GBP/USD pairing stuck in a bearish cycle, accelerating out of the regular selling zone, and the bullish bounceback has seen the Cable return to a nominally bearish cycle as bidders get pushed back into the overarching bear-trend.

GBP/USD, 4-Hour

GBP/USD

Overview:
       Today Last Price:  1.2628
       Today Daily change:  -37  pips
       Today Daily change %:  -0.292%
       Today Daily Open:  1.2665
Trends:
       Previous Daily SMA20:  1.2746
       Previous Daily SMA50:  1.29
       Previous Daily SMA100:  1.2937
       Previous Daily SMA200:  1.3263
Levels:
       Previous Daily High:  1.2688
       Previous Daily Low:  1.2593
       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%:  1.2629
       Previous Daily Fibonacci 61.8%:  1.2651
       Previous Daily Pivot Point S1:  1.2609
       Previous Daily Pivot Point S2:  1.2554
       Previous Daily Pivot Point S3:  1.2515
       Previous Daily Pivot Point R1:  1.2704
       Previous Daily Pivot Point R2:  1.2743
       Previous Daily Pivot Point R3:  1.2798

 

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