GBP/USD Technical Analysis: Short-side looking for a new weekly low at 1.3080

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  • The GBP/USD is shifting into the downside just south of 1.3100 as the Sterling continues to weaken against the USD.
  • Hourly candles show the pair has broken below the 200-hour moving average, and the Cable is now challenging the week's bottom at 1.3083.
  • 1-Hour technical indicators are pinning into oversold territory, and the Cable could be primed for a hop back up to the 200-hour moving average at 1.3150 before continuing lower.

GBP/USD Chart, 15-Minute


	GBP/USD Technical Analysis: Short-side looking for a new weekly low at 1.3080

GBP/USD

Overview:
    Last Price: 1.3095
    Daily change: -21 pips
    Daily change: -0.160%
    Daily Open: 1.3116
Trends:
    Daily SMA20: 1.3114
    Daily SMA50: 1.2995
    Daily SMA100: 1.3097
    Daily SMA200: 1.3485
Levels:
    Daily High: 1.3194
    Daily Low: 1.3099
    Weekly High: 1.326
    Weekly Low: 1.3028
    Monthly High: 1.33
    Monthly Low: 1.2922
    Daily Fibonacci 38.2%: 1.3136
    Daily Fibonacci 61.8%: 1.3158
    Daily Pivot Point S1: 1.3078
    Daily Pivot Point S2: 1.3041
    Daily Pivot Point S3: 1.2983
    Daily Pivot Point R1: 1.3174
    Daily Pivot Point R2: 1.3232
    Daily Pivot Point R3: 1.3269

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