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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.

1-hourly chart

   •  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


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