After peaking just below its daily SMA50 at 1.3229 on Nov. 10, GBPUSD extended its retreating by falling meanwhile below its daily SMA100, but it's still underpinned over longer range by continued being above its daily SMA200.
GBPUSD is now in its 9th day of continued being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.3250, after failing on Nov. 1 to get over its formed resistance on last Oct. 13 at 1.3337
GBPUSD daily RSI-14 is now referring to lower existence inside the neutral region reading 44.381.
GBPUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line at 42.031 leading to the downside its signal line which is reading 52.146.
Important levels: Daily SMA50 @ 1.3249, Daily SMA100 @ 1.3112 and Daily SMA200 @ 1.2874
S&R:
S1: 1.3021
S2: 1.2775
S3: 1.2588
R1: 1.3229
R2: 1.3337
R3: 1.3655
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din