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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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