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GBP/USD Technical Analysis: Cable weakening below the 1.2880 resistance

GBP/USD 4-hour chart

  • GBP/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
  • GBP/USD is capped by the 1.2880 level as technical indicators are weakening.  
  • The next targets are seen at 1.2800 and 1.2700 (October low).  

Additional key levels at a glance:

GBP/USD

Overview:
       Last Price:  1.2817
       Daily change:  -33  pips
       Daily change:  -0.257%
       Daily Open:  1.285
Trends:
       Daily SMA20:  1.2916
       Daily SMA50:  1.3027
       Daily SMA100:  1.3016
       Daily SMA200:  1.3369
Levels:
       Daily High:  1.2885
       Daily Low:  1.2794
       Weekly High:  1.3074
       Weekly Low:  1.2724
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.285
       Daily Fibonacci 61.8%:  1.2829
       Daily Pivot Point S1:  1.2802
       Daily Pivot Point S2:  1.2753
       Daily Pivot Point S3:  1.2711
       Daily Pivot Point R1:  1.2892
       Daily Pivot Point R2:  1.2933
       Daily Pivot Point R3:  1.2982


 

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