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GBP/USD Technical Analysis: further selling on the cards as 1.2800 begins to weaken

  • The GBP/USD collapsed over the last twenty-four hours, tumbling back into the 1.2800 region and early Friday trading sees the Cable trapped near Thursday's closing prices, and bears are set to step back in and renew downside pressure on the pair.
  • GBP/USD Forecast: Sterling off October lows as 1.2790 target remains intact in a Brexit stalemate

GBP/USD, M5



GBP/USD

Overview:
    Last Price: 1.2814
    Daily change: -2.0 pips
    Daily change: -0.0156%
    Daily Open: 1.2816
Trends:
    Daily SMA20: 1.3057
    Daily SMA50: 1.302
    Daily SMA100: 1.3072
    Daily SMA200: 1.3464
Levels:
    Daily High: 1.292
    Daily Low: 1.2797
    Weekly High: 1.3238
    Weekly Low: 1.3011
    Monthly High: 1.33
    Monthly Low: 1.2786
    Daily Fibonacci 38.2%: 1.2844
    Daily Fibonacci 61.8%: 1.2873
    Daily Pivot Point S1: 1.2769
    Daily Pivot Point S2: 1.2722
    Daily Pivot Point S3: 1.2646
    Daily Pivot Point R1: 1.2892
    Daily Pivot Point R2: 1.2968
    Daily Pivot Point R3: 1.3015