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GBP/USD Technical Analysis: Cable falls apart below the 1.2600 figure

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages.


GBP/USD 4-hour chart

  • GBP/USD is en route towards 1.2500 figure.


GBP/USD 30-minute chart

  • GBP/USD finally broke below the 1.2600 support and the 200 SMA. 
  • The next objective for bears is the 1.2500 figure. 

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2548
    Today Daily change: -1.2e+2 pips
    Today Daily change %: -0.924%
    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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