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GBP/USD Technical Analysis: Slide below 100-hour SMA paves the way for a retest of 1.2700 handle

   •  The pair continued with its struggled to sustain/build on the momentum further beyond the 1.2800 handle, with the incoming UK political headlines prompting some selling at higher levels. 

   •  The intraday slide has now dragged the pair below 100-hour SMA for the first time in nearly a week and thus, paves the way for an extension of the fall towards challenging the 1.2700 mark. 

   •  Technical indicators on hourly charts have started gaining negative momentum and hence, a convincing breakthrough the mentioned support might turn the near-term sentiment to bearish.

GBP/USD 1-hourly chart

GBP/USD

Overview:
    Today Last Price: 1.274
    Today Daily change: -62 pips
    Today Daily change %: -0.484%
    Today Daily Open: 1.2802
Trends:
    Previous Daily SMA20: 1.2678
    Previous Daily SMA50: 1.2774
    Previous Daily SMA100: 1.2894
    Previous Daily SMA200: 1.3136
Levels:
    Previous Daily High: 1.2804
    Previous Daily Low: 1.2704
    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%: 1.2766
    Previous Daily Fibonacci 61.8%: 1.2742
    Previous Daily Pivot Point S1: 1.2736
    Previous Daily Pivot Point S2: 1.267
    Previous Daily Pivot Point S3: 1.2636
    Previous Daily Pivot Point R1: 1.2836
    Previous Daily Pivot Point R2: 1.287
    Previous Daily Pivot Point R3: 1.2936

 

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