GBP/USD Technical Analysis: Intraday rejection slide tests 100-hour SMA
• The pair continued with its struggle to make it through 100-day SMA barrier and started retreating from the 1.2900 neighborhood for the second straight session.
GBP/USD daily chart
• The intraday downfall is now testing 100-hour SMA, which if broken might prompt fresh long-unwinding pressure and open the room for a test of the 1.2800 mark.
• Technical indicators on the 1-hourly chart have been gaining negative traction and reinforce prospects for further intraday weakness amid a modest USD uptick.
• However, bullish oscillators on 4-hourly/daily charts seem more likely to attract some dip-buying interest and thus, help limit any deeper corrective slide.
Today Last Price: 1.2848
Today Daily change: -33 pips
Today Daily change %: -0.256%
Today Daily Open: 1.2881
Previous Daily SMA20: 1.2734
Previous Daily SMA50: 1.2753
Previous Daily SMA100: 1.2892
Previous Daily SMA200: 1.3105
Previous Daily High: 1.2898
Previous Daily Low: 1.2824
Previous Weekly High: 1.2866
Previous Weekly Low: 1.2704
Previous Monthly High: 1.284
Previous Monthly Low: 1.2477
Previous Daily Fibonacci 38.2%: 1.2852
Previous Daily Fibonacci 61.8%: 1.287
Previous Daily Pivot Point S1: 1.2837
Previous Daily Pivot Point S2: 1.2794
Previous Daily Pivot Point S3: 1.2763
Previous Daily Pivot Point R1: 1.2911
Previous Daily Pivot Point R2: 1.2942
Previous Daily Pivot Point R3: 1.2985