Home GBP/USD Technical Analysis: Short-side looking for a new weekly low at 1.3080
FXStreet News

GBP/USD Technical Analysis: Short-side looking for a new weekly low at 1.3080

  • The GBP/USD is shifting into the downside just south of 1.3100 as the Sterling continues to weaken against the USD.
  • Hourly candles show the pair has broken below the 200-hour moving average, and the Cable is now challenging the week’s bottom at 1.3083.
  • 1-Hour technical indicators are pinning into oversold territory, and the Cable could be primed for a hop back up to the 200-hour moving average at 1.3150 before continuing lower.

GBP/USD Chart, 15-Minute

GBP/USD

Overview:
       Last Price:  1.3095
       Daily change:  -21  pips
       Daily change:  -0.160%
       Daily Open:  1.3116
Trends:
       Daily SMA20:  1.3114
       Daily SMA50:  1.2995
       Daily SMA100:  1.3097
       Daily SMA200:  1.3485
Levels:
       Daily High:  1.3194
       Daily Low:  1.3099
       Weekly High:  1.326
       Weekly Low:  1.3028
       Monthly High:  1.33
       Monthly Low:  1.2922
       Daily Fibonacci 38.2%:  1.3136
       Daily Fibonacci 61.8%:  1.3158
       Daily Pivot Point S1:  1.3078
       Daily Pivot Point S2:  1.3041
       Daily Pivot Point S3:  1.2983
       Daily Pivot Point R1:  1.3174
       Daily Pivot Point R2:  1.3232
       Daily Pivot Point R3:  1.3269

 

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.