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26 Apr 2019

GBP/USD Technical Analysis: Cable weakening below 1.2920 level

GBP/USD daily chart

  • GBP/USD is drifting down below its main SMAs suggesting an overall bearish bias.


GBP/USD 4-hour chart

  • GBP/USD is evolving below its main SMAs suggesting bearish momentum in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD is capped below the 1.2920 resistance and the 50 SMA. 
  • The bias stays tilted to the downside as the level to beat for bears is 1.2860 and 1.2820 support.
  • Resistances are seen at 1.2920 and 1.2950 level.


Additional key levels

 

Apr 26, 2019

RBNZ’s Orr: Room to cut rates if required, we are in a pretty good spot

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr appeared for an interview before New Zealand’s National Business Review.
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Apr 26, 2019

NZD/USD holds recent gains to 0.6630 ahead of New Zealand trade balance

NZD/USD stretches its recovery to 0.6630 at the start of the Asian session on Friday ahead of the monthly trade balance figures from New Zealand.
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