GBP/USD technical analysis: Cable under pressure near 1.2450 in the New York session

GBP/USD is trading near the weekly lows below 1.2478.
The level to beat for sellers are at 1.2433 and 1.2388, according to the Technical Confluences Indicator.

Flavio Tosti Independent Analyst

GBP/USD daily chart

Cable is in a bear trend below the main daily simple moving averages (DSMAs). The US Dollar is gaining ground across the board this Tuesday.

GBP/USD 4-hour chart

Cable is trading below the 1.2478 resistance level and its main SMAs. Bears want a daily close below 1.2433 to each 1.2388 on the way down, according to the Technical Confluences Indicator.

GBP/USD 30-minute chart

GBP/USDis trading below its main SMAs suggesting bearish momentum. Immediate resistances are seen at 1.2478 and 1.2543.

Additional key levels

GBP/USD

Overview
Today last price	1.2446
Today Daily Change	-0.0030
Today Daily Change %	-0.24
Today daily open	1.2476

Trends
Daily SMA20	1.2556
Daily SMA50	1.2636
Daily SMA100	1.2861
Daily SMA200	1.2871

Levels
Previous Daily High	1.252
Previous Daily Low	1.2455
Previous Weekly High	1.2579
Previous Weekly Low	1.2382
Previous Monthly High	1.2784
Previous Monthly Low	1.2506
Daily Fibonacci 38.2%	1.248
Daily Fibonacci 61.8%	1.2495
Daily Pivot Point S1	1.2447
Daily Pivot Point S2	1.2418
Daily Pivot Point S3	1.2382
Daily Pivot Point R1	1.2512
Daily Pivot Point R2	1.2549
Daily Pivot Point R3	1.2578

Author

Flavio Tosti

Independent Analyst

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