GBP/USD Technical Analysis: Cable pressurized near yearly lows nearing 1.2700 figure
- GBP/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
- GBP/USD is testing 1.2750 as bears are eager to revisit the 2018 low at 1.2660. The bear trend is intact with the RSI, MACD and Stochastic pointing to lower levels ahead.
- Near-term supports can be seen near 1.2750 and 1.2700 figure while resistances can be located near 1.2800 figure and 1.2846 August 29 low
GBP/USD 4-hour chart
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Main trend: Bearish
Resistance 1: 1.2800 figure
Resistance 2: 1.2854 October 29
Resistance 3: 1.2900 figure
Resistance 4: 1.2921 October 4 low
Support 1: 1.2750 figure
Support 2: 1.2700 figure
Support 3: 1.2660 August low (2018 low)
Support 4: 1.2589 June 21, 2017
Additional key levels at a glance:
GBP/USD
Overview:
Last Price: 1.2745
Daily change: -48 pips
Daily change: -0.375%
Daily Open: 1.2793
Trends:
Daily SMA20: 1.3034
Daily SMA50: 1.3022
Daily SMA100: 1.306
Daily SMA200: 1.3453
Levels:
Daily High: 1.2854
Daily Low: 1.2792
Weekly High: 1.3092
Weekly Low: 1.2777
Monthly High: 1.33
Monthly Low: 1.2786
Daily Fibonacci 38.2%: 1.2816
Daily Fibonacci 61.8%: 1.2831
Daily Pivot Point S1: 1.2772
Daily Pivot Point S2: 1.2751
Daily Pivot Point S3: 1.2709
Daily Pivot Point R1: 1.2834
Daily Pivot Point R2: 1.2876
Daily Pivot Point R3: 1.2897