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GBP/USD Technical Analysis: More choppiness and weakness in the New York session below 1.2880 level

GBP/USD 4-hour chart

  • GBP/USD is trading in a bear trend below the 200-period simple moving average.  

GBP/USD 30-minute chart

  • GBP/USD is weakening below the 1.2880 level as technical indicators are decelerating.
  • GBP/USD is set to trade sideways to down in the rest of the New York session with 1.2800 as an intraday support.  
  • A break of 1.2800 should lead to a move to 1.2723, November 15 low.  

Additional key levels at a glance:

GBP/USD

Overview:
       Last Price:  1.2827
       Daily change:  -2.0  pips
       Daily change:  -0.0156%
       Daily Open:  1.2829
Trends:
       Daily SMA20:  1.2922
       Daily SMA50:  1.3031
       Daily SMA100:  1.3019
       Daily SMA200:  1.3374
Levels:
       Daily High:  1.2878
       Daily Low:  1.2759
       Weekly High:  1.3074
       Weekly Low:  1.2724
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.2833
       Daily Fibonacci 61.8%:  1.2805
       Daily Pivot Point S1:  1.2765
       Daily Pivot Point S2:  1.2702
       Daily Pivot Point S3:  1.2646
       Daily Pivot Point R1:  1.2885
       Daily Pivot Point R2:  1.2942
       Daily Pivot Point R3:  1.3005

 

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