GBP/USD Technical Analysis: Cable spikes down below the 1.3000 figure

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GBP/USD daily chart

  • GBP/USD is trading below the 200-day simple moving average (SMA) as bears broke below the 1.3000 figure.


	GBP/USD Technical Analysis: Cable spikes down below the 1.3000 figure

GBP/USD 4-hour chart

  • GBP/USD is trading below the 50 and 100 SMA suggesting that bears are regaining control of the market. 


	GBP/USD Technical Analysis: Cable spikes down below the 1.3000 figure

GBP/USD 30-minute chart

  • GBP/USD broke below 1.2990 support as it is trading below its main SMAs. 
  • The next objective for bears is to drive the market to 1.2930 and 1.2900 figure.
  • To the upside, 1.2990 and 1.3025 are seen as resistance. 


	GBP/USD Technical Analysis: Cable spikes down below the 1.3000 figure

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2972
    Today Daily change: -66 pips
    Today Daily change %: -0.51%
    Today Daily Open: 1.3038
Trends:
    Daily SMA20: 1.2968
    Daily SMA50: 1.2798
    Daily SMA100: 1.2899
    Daily SMA200: 1.3038
Levels:
    Previous Daily High: 1.3103
    Previous Daily Low: 1.3029
    Previous Weekly High: 1.3212
    Previous Weekly Low: 1.3043
    Previous Monthly High: 1.3214
    Previous Monthly Low: 1.2438
    Daily Fibonacci 38.2%: 1.3057
    Daily Fibonacci 61.8%: 1.3075
    Daily Pivot Point S1: 1.301
    Daily Pivot Point S2: 1.2982
    Daily Pivot Point S3: 1.2936
    Daily Pivot Point R1: 1.3085
    Daily Pivot Point R2: 1.3132
    Daily Pivot Point R3: 1.316

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