15 Oct 2018
GBP/USD Technical Analysis: Bulls having little effect clawing back from opening gap into 1.3100
- The GBP/USD is facing significant downside pressure at the week's open as Brexit headlines continue to flush investor confidence down the pipes, pushing the Cable off of last week's peaks and back into the 1.3100 barrier.
- The Pound slipped passed the 1.3150 barrier on the week's opening gap, and bidders have had little effect in the Asian market session closing the door as downside pressure remains present.
- Without a close of the gap, the Cable is set for a prolonged slide into early October's key support levels near 1.3030, while the upside will remain constrained by 1.3150.
GBP/USD Chart, 15-Minute
GBP/USD
Overview:
Last Price: 1.3108
Daily change: -47 pips
Daily change: -0.357%
Daily Open: 1.3155
Trends:
Daily SMA20: 1.3114
Daily SMA50: 1.2982
Daily SMA100: 1.3101
Daily SMA200: 1.3491
Levels:
Daily High: 1.326
Daily Low: 1.3146
Weekly High: 1.326
Weekly Low: 1.3028
Monthly High: 1.33
Monthly Low: 1.2922
Daily Fibonacci 38.2%: 1.319
Daily Fibonacci 61.8%: 1.3216
Daily Pivot Point S1: 1.3114
Daily Pivot Point S2: 1.3074
Daily Pivot Point S3: 1.3001
Daily Pivot Point R1: 1.3227
Daily Pivot Point R2: 1.33
Daily Pivot Point R3: 1.334