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GBP/USD Technical Analysis: Sterling is depreciating post-NFP as Cable is set to revisit 1.2560 level

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-period simple moving average (SMA).
  • The US nonfarm payrolls (NFP) came in above market forecast at 312K vs. 177K which is potentially bullish for the US Dollar.

GBP/USD 4-hour chart

  • GBP/USD is currently rejecting the 50 and 100 SMAs.

GBP/USD 30-minute chart

  • GBP/USD is currently capped by the 200 SMA.
  • GBP/USD rejected the 100 SMA and 1.2620 and 1.2560 are seen as potential bear targets.

Additional key levels  

GBP/USD

Overview:
       Today Last Price:  1.2644
       Today Daily change:  9.0  pips
       Today Daily change %:  0.0712%
       Today Daily Open:  1.2635
Trends:
       Previous Daily SMA20:  1.265
       Previous Daily SMA50:  1.2775
       Previous Daily SMA100:  1.2898
       Previous Daily SMA200:  1.3162
Levels:
       Previous Daily High:  1.2648
       Previous Daily Low:  1.2438
       Previous Weekly High:  1.2778
       Previous Weekly Low:  1.2616
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Previous Daily Fibonacci 38.2%:  1.2568
       Previous Daily Fibonacci 61.8%:  1.2518
       Previous Daily Pivot Point S1:  1.2499
       Previous Daily Pivot Point S2:  1.2363
       Previous Daily Pivot Point S3:  1.2289
       Previous Daily Pivot Point R1:  1.271
       Previous Daily Pivot Point R2:  1.2784
       Previous Daily Pivot Point R3:  1.292

 

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