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GBP/USD Technical Analysis: Breakdown into 1.2500 signalling further declines

  • The last twenty-four hours see the GBP/USD pairing testing the downside of the 1.2500 major handle, and intraday support rests at Tuesday's bottom of 1.2480 with intraday resistance priced in at the 38.2% Fibo retracement of 1.2540.

GBP/USD, 5-Minute

  • The Cable has crossed a critical inflection point after pricing in a near-term lower high below the 1.2650 zone after the pair's floor collapsed, and now the pair is challenging into a new region.

GBP/USD, 30-Minute

  • Looking to the medium-term, linear regression suggests that the Cable could be due for a retracement to the midline, but with this key level also falling below the previous 1.2650 support level, a move back into the range is likely to see a reload on short positions for a break lower.

GBP/USD, 1-Hour


    Today Last Price: 1.2509
    Today Daily change: 12 pips
    Today Daily change %: 0.0960%
    Today Daily Open: 1.2497
    Previous Daily SMA20: 1.2769
    Previous Daily SMA50: 1.2913
    Previous Daily SMA100: 1.2946
    Previous Daily SMA200: 1.3275
    Previous Daily High: 1.2639
    Previous Daily Low: 1.2481
    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%: 1.2542
    Previous Daily Fibonacci 61.8%: 1.2579
    Previous Daily Pivot Point S1: 1.2439
    Previous Daily Pivot Point S2: 1.2381
    Previous Daily Pivot Point S3: 1.2281
    Previous Daily Pivot Point R1: 1.2598
    Previous Daily Pivot Point R2: 1.2698
    Previous Daily Pivot Point R3: 1.2756


FX option expiries for Dec 12 NY cut

FX option expiries for Dec 12 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1200 1.5bn  1.1275 705m 1.1280
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