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GBP/USD Technical Analysis: Cable hammered down to 1.2500 figure as UK PM May announces delay of vote

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 50, 100 and 200-day simple moving average (SMA).
  • GBP/USD falls further as UK PM May announces delay of vote.

GBP/USD 4-hour chart

  • GBP/USD is in free fall mode as the currency pair is flirting with 1.2500 figure.

GBP/USD 30-minute chart

  • Next support is seen at 1.2500 and 1.2443. 
  • Resistances on the way up are seen near 1.2560 and 1.2600 figure.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2538
    Today Daily change: -2.0e+2 pips
    Today Daily change %: -1.60%
    Today Daily Open: 1.2742
Trends:
    Previous Daily SMA20: 1.2806
    Previous Daily SMA50: 1.2932
    Previous Daily SMA100: 1.2958
    Previous Daily SMA200: 1.3288
Levels:
    Previous Daily High: 1.2812
    Previous Daily Low: 1.271
    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%: 1.2749
    Previous Daily Fibonacci 61.8%: 1.2773
    Previous Daily Pivot Point S1: 1.2698
    Previous Daily Pivot Point S2: 1.2654
    Previous Daily Pivot Point S3: 1.2597
    Previous Daily Pivot Point R1: 1.2799
    Previous Daily Pivot Point R2: 1.2856
    Previous Daily Pivot Point R3: 1.29

 

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