GBP/USD Technical Analysis: Breaks below 100-hour SMA to test 38.2% Fibo. level support
5/7/2019 12:10:59 PM
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• The pair failed to capitalize on the early uptick and drifted into negative territory for the second consecutive session, retreating farther from o

   •  The pair failed to capitalize on the early uptick and drifted into negative territory for the second consecutive session, retreating farther from one-month tops set on Friday.

   •  The pair failed to capitalize on the early uptick and drifted into negative territory for the second consecutive session, retreating farther from one-month tops set on Friday.

   •  An intraday slide below 100-hour SMA was seen as a key trigger behind the pair's latest leg of a sharp decline in the past hour amid a goodish pickup in the USD demand.

   •  An intraday slide below 100-hour SMA was seen as a key trigger behind the pair's latest leg of a sharp decline in the past hour amid a goodish pickup in the USD demand.

   •  Currently hovering around 38.2% Fibo. level of the 1.2866-1.3177, a follow-through selling now seems to accelerate the slide further towards the key 1.30 psychological mark.

   •  Currently hovering around 38.2% Fibo. level of the 1.2866-1.3177, a follow-through selling now seems to accelerate the slide further towards the key 1.30 psychological mark.

   •  The mentioned handle marks a confluence support - comprising of 200-hour SMA and 50% Fibo. level and should act as a key pivotal point for the pair's near-term trajectory.

   •  The mentioned handle marks a confluence support - comprising of 200-hour SMA and 50% Fibo. level and should act as a key pivotal point for the pair's near-term trajectory.

   •  Meanwhile, technical indicators on the 1-hourly chart have been gaining negative traction and losing positive momentum on 4-hourly/daily charts, suggesting a further decline.

   •  Meanwhile, technical indicators on the 1-hourly chart have been gaining negative traction and losing positive momentum on 4-hourly/daily charts, suggesting a further decline.indicatorschart

GBP/USD 1-hourly chart

GBP/USD 1-hourly chartGBP/USD

GBP/USD

Overview
Today last price 1.3062
Today Daily Change -0.0035
Today Daily Change % -0.27
Today daily open 1.3097
 
Trends
Daily SMA20 1.3019
Daily SMA50 1.3109
Daily SMA100 1.2993
Daily SMA200 1.296
Levels
Previous Daily High 1.3171
Previous Daily Low 1.3081
Previous Weekly High 1.3178
Previous Weekly Low 1.2904
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.3115
Daily Fibonacci 61.8% 1.3137
Daily Pivot Point S1 1.3062
Daily Pivot Point S2 1.3026
Daily Pivot Point S3 1.2972
Daily Pivot Point R1 1.3152
Daily Pivot Point R2 1.3206
Daily Pivot Point R3 1.3242

 

GBP/USD

Overview
Today last price 1.3062
Today Daily Change -0.0035
Today Daily Change % -0.27
Today daily open 1.3097
 
Trends
Daily SMA20 1.3019
Daily SMA50 1.3109
Daily SMA100 1.2993
Daily SMA200 1.296
Levels
Previous Daily High 1.3171
Previous Daily Low 1.3081
Previous Weekly High 1.3178
Previous Weekly Low 1.2904
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.3115
Daily Fibonacci 61.8% 1.3137
Daily Pivot Point S1 1.3062
Daily Pivot Point S2 1.3026
Daily Pivot Point S3 1.2972
Daily Pivot Point R1 1.3152
Daily Pivot Point R2 1.3206
Daily Pivot Point R3 1.3242

GBP/USD

Overview
Today last price 1.3062
Today Daily Change -0.0035
Today Daily Change % -0.27
Today daily open 1.3097
 
Trends
Daily SMA20 1.3019
Daily SMA50 1.3109
Daily SMA100 1.2993
Daily SMA200 1.296
Levels
Previous Daily High 1.3171
Previous Daily Low 1.3081
Previous Weekly High 1.3178
Previous Weekly Low 1.2904
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.3115
Daily Fibonacci 61.8% 1.3137
Daily Pivot Point S1 1.3062
Daily Pivot Point S2 1.3026
Daily Pivot Point S3 1.2972
Daily Pivot Point R1 1.3152
Daily Pivot Point R2 1.3206
Daily Pivot Point R3 1.3242

GBP/USD

Overview
Today last price 1.3062
Today Daily Change -0.0035
Today Daily Change % -0.27
Today daily open 1.3097
 
Trends
Daily SMA20 1.3019
Daily SMA50 1.3109
Daily SMA100 1.2993
Daily SMA200 1.296
Overview
Today last price 1.3062
Today Daily Change -0.0035
Today Daily Change % -0.27
Today daily open 1.3097
Overview Overview Overview Today last price 1.3062 Today Daily Change -0.0035 Today Daily Change % -0.27 Today daily open 1.3097 Today last price 1.3062 Today last price1.30621.3062 Today Daily Change -0.0035 Today Daily Change-0.0035-0.0035 Today Daily Change % -0.27 Today Daily Change %-0.27-0.27 Today daily open 1.3097 Today daily open1.30971.3097
 
Trends
Daily SMA20 1.3019
Daily SMA50 1.3109
Daily SMA100 1.2993
Daily SMA200 1.296
Trends Trends Trends Daily SMA20 1.3019 Daily SMA50 1.3109 Daily SMA100 1.2993 Daily SMA200 1.296 Daily SMA20 1.3019 Daily SMA201.30191.3019 Daily SMA50 1.3109 Daily SMA501.31091.3109 Daily SMA100 1.2993 Daily SMA1001.29931.2993 Daily SMA200 1.296 Daily SMA2001.2961.296
Levels
Previous Daily High 1.3171
Previous Daily Low 1.3081
Previous Weekly High 1.3178
Previous Weekly Low 1.2904
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.3115
Daily Fibonacci 61.8% 1.3137
Daily Pivot Point S1 1.3062
Daily Pivot Point S2 1.3026
Daily Pivot Point S3 1.2972
Daily Pivot Point R1 1.3152
Daily Pivot Point R2 1.3206
Daily Pivot Point R3 1.3242
Levels
Previous Daily High 1.3171
Previous Daily Low 1.3081
Previous Weekly High 1.3178
Previous Weekly Low 1.2904
Previous Monthly High 1.3196
Previous Monthly Low 1.2865
Daily Fibonacci 38.2% 1.3115
Daily Fibonacci 61.8% 1.3137
Daily Pivot Point S1 1.3062
Daily Pivot Point S2 1.3026
Daily Pivot Point S3 1.2972
Daily Pivot Point R1 1.3152
Daily Pivot Point R2 1.3206
Daily Pivot Point R3 1.3242
Levels Levels Levels Previous Daily High 1.3171 Previous Daily Low 1.3081 Previous Weekly High 1.3178 Previous Weekly Low 1.2904 Previous Monthly High 1.3196 Previous Monthly Low 1.2865 Daily Fibonacci 38.2% 1.3115 Daily Fibonacci 61.8% 1.3137 Daily Pivot Point S1 1.3062 Daily Pivot Point S2 1.3026 Daily Pivot Point S3 1.2972 Daily Pivot Point R1 1.3152 Daily Pivot Point R2 1.3206 Daily Pivot Point R3 1.3242 Previous Daily High 1.3171 Previous Daily High1.31711.3171 Previous Daily Low 1.3081 Previous Daily Low1.30811.3081 Previous Weekly High 1.3178 Previous Weekly High1.31781.3178 Previous Weekly Low 1.2904 Previous Weekly Low1.29041.2904 Previous Monthly High 1.3196 Previous Monthly High1.31961.3196 Previous Monthly Low 1.2865 Previous Monthly Low1.28651.2865 Daily Fibonacci 38.2% 1.3115 Daily Fibonacci 38.2%1.31151.3115 Daily Fibonacci 61.8% 1.3137 Daily Fibonacci 61.8%1.31371.3137 Daily Pivot Point S1 1.3062 Daily Pivot Point S11.30621.3062 Daily Pivot Point S2 1.3026 Daily Pivot Point S21.30261.3026 Daily Pivot Point S3 1.2972 Daily Pivot Point S31.29721.2972 Daily Pivot Point R1 1.3152 Daily Pivot Point R11.31521.3152 Daily Pivot Point R2 1.3206 Daily Pivot Point R21.32061.3206 Daily Pivot Point R3 1.3242 Daily Pivot Point R31.32421.3242