GBP/USD Technical Analysis: Cable bears en route to October lows
GBP/USD daily chart
- GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
- Cable bears objective is to reach the August low at the 1.2661 level.
GBP/USD 4-hour chart
- GBP/USD is trading below its main SMAs.
- GBP/USD is trading just above the October low at the 1.2695 level.
GBP/USD 30-minute chart
- Cable is currently weak as bears are very close to testing the October low at the 1.2695 level.
- It will be interesting to see if the market can continue to drop towards the August lows if 1.2695 is broken.
Additional key levels
GBP/USD
Overview:
Today Last Price: 1.2714
Today Daily change: -29 pips
Today Daily change %: -0.228%
Today Daily Open: 1.2743
Trends:
Previous Daily SMA20: 1.2887
Previous Daily SMA50: 1.2969
Previous Daily SMA100: 1.2977
Previous Daily SMA200: 1.3317
Levels:
Previous Daily High: 1.281
Previous Daily Low: 1.2735
Previous Weekly High: 1.2864
Previous Weekly Low: 1.2725
Previous Monthly High: 1.3176
Previous Monthly Low: 1.2723
Previous Daily Fibonacci 38.2%: 1.2764
Previous Daily Fibonacci 61.8%: 1.2781
Previous Daily Pivot Point S1: 1.2715
Previous Daily Pivot Point S2: 1.2688
Previous Daily Pivot Point S3: 1.264
Previous Daily Pivot Point R1: 1.279
Previous Daily Pivot Point R2: 1.2837
Previous Daily Pivot Point R3: 1.2865