Home GBP/USD Technical Analysis: Strangling near 1.2700
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GBP/USD Technical Analysis: Strangling near 1.2700

  • GBP/USD continues to cycle around intraday inflection levels, currently digging in near 1.2700 after failing to jumpstart moves in either direction on Wednesday.

GBP/USD, 5-Minute

  • The past two weeks have seen the Cable moving in a sluggish downtrend, marked by consolidation periods separated by rough chop, but the pair continues to see downside  movement from the 200-period MA.

GBP/USD, 30-Minute

  • 4-hour candlesticks have the Cable setting up for a bearish break of previous support just below the 1.2700 handle, and short-sellers will be looking to time a break-and-retest of the significant level with Tuesday’s upcoming Brexit vote to push the GBP/USD pairing into a faster downtrend.

GBP/USD, 4-Hour

GBP/USD

Overview:
Today Last Price:  1.2711
Today Daily change:  -20  pips
Today Daily change %:  -0.157%
Today Daily Open:  1.2731
Trends:
Previous Daily SMA20:  1.2831
Previous Daily SMA50:  1.2944
Previous Daily SMA100:  1.2964
Previous Daily SMA200:  1.3298
Levels:
Previous Daily High:  1.2798
Previous Daily Low:  1.2672
Previous Weekly High:  1.2864
Previous Weekly Low:  1.2725
Previous Monthly High:  1.3176
Previous Monthly Low:  1.2723
Previous Daily Fibonacci 38.2%:  1.275
Previous Daily Fibonacci 61.8%:  1.272
Previous Daily Pivot Point S1:  1.2669
Previous Daily Pivot Point S2:  1.2608
Previous Daily Pivot Point S3:  1.2543
Previous Daily Pivot Point R1:  1.2796
Previous Daily Pivot Point R2:  1.286
Previous Daily Pivot Point R3:  1.2922

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