GBP/USD Technical Analysis: Cable teasing November lows as spot is less than 40 pips away from 1.2700 figure
USD/CAD 4-hour chart
- GBP/USD is trading in a bear trend below the 50, 100 and 200-period simple moving averages (SMAs).
- GBP/USD bears objective is to reach the 1.2700 figure. The Stochastic indicator is oversold suggesting that any downward move might be limited.
- To the upside, resistance is seen at the 1.2764 and 1.2850 levels.
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Additional key levels
GBP/USD
Overview:
Today Last Price: 1.2735
Today Daily change: -78 pips
Today Daily change %: -0.609%
Today Daily Open: 1.2813
Trends:
Previous Daily SMA20: 1.2905
Previous Daily SMA50: 1.3
Previous Daily SMA100: 1.2995
Previous Daily SMA200: 1.3341
Levels:
Previous Daily High: 1.2866
Previous Daily Low: 1.2796
Previous Weekly High: 1.2928
Previous Weekly Low: 1.2764
Previous Monthly High: 1.326
Previous Monthly Low: 1.2696
Previous Daily Fibonacci 38.2%: 1.2822
Previous Daily Fibonacci 61.8%: 1.2839
Previous Daily Pivot Point S1: 1.2784
Previous Daily Pivot Point S2: 1.2755
Previous Daily Pivot Point S3: 1.2714
Previous Daily Pivot Point R1: 1.2854
Previous Daily Pivot Point R2: 1.2894
Previous Daily Pivot Point R3: 1.2923