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GBP/USD Technical Analysis: Cable bears en route to the 1.2620 level

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200 SMA.
  • GBP/USD rejected the 50 SMA near the 1.2800 figure.

GBP/USD 4-hour chart

  • GBP/USD rejected the December and January highs. 

GBP/USD  30-minute chart

  • Bears broke below the 50 and 100 SMA.
  • A break below 1.2700 should open the way to the 1.2620 level. 

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2714
    Today Daily change: -56 pips
    Today Daily change %: -0.439%
    Today Daily Open: 1.277
Trends:
    Previous Daily SMA20: 1.2661
    Previous Daily SMA50: 1.2773
    Previous Daily SMA100: 1.2897
    Previous Daily SMA200: 1.3149
Levels:
    Previous Daily High: 1.2788
    Previous Daily Low: 1.2707
    Previous Weekly High: 1.2815
    Previous Weekly Low: 1.2438
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Previous Daily Fibonacci 38.2%: 1.2757
    Previous Daily Fibonacci 61.8%: 1.2738
    Previous Daily Pivot Point S1: 1.2722
    Previous Daily Pivot Point S2: 1.2674
    Previous Daily Pivot Point S3: 1.2642
    Previous Daily Pivot Point R1: 1.2803
    Previous Daily Pivot Point R2: 1.2835
    Previous Daily Pivot Point R3: 1.2883

 

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