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GBP/USD Technical Analysis: Cable sticks to the 1.2800 figure post-FOMC minutes

GBP/USD daily chart

  • GBP/USD is evolving in a bear trend below the 200 SMA.
  • GBP/USD is trading just above the 50 SMA.  
  • The FOMC minutes had only a limited impact on the currency markets.  

GBP/USD 4-hour chart

  • GBP/USD is testing the December and January highs as it trying to break above the 1.2800 figure.

GBP/USD  30-minute chart

  • GBP/USD is trading above its main SMAs suggesting short-term bullish momentum.
  • A break above the 1.2800 figure can lead to an acceleration to the 1.2900 level.
  • On the flip side, bears will try to resume the main bear trend by targeting 1.2700 figure.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2795
       Today Daily change:  75  pips
       Today Daily change %:  0.590%
       Today Daily Open:  1.272
Trends:
       Previous Daily SMA20:  1.2672
       Previous Daily SMA50:  1.2773
       Previous Daily SMA100:  1.2896
       Previous Daily SMA200:  1.3143
Levels:
       Previous Daily High:  1.2798
       Previous Daily Low:  1.2706
       Previous Weekly High:  1.2815
       Previous Weekly Low:  1.2438
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Previous Daily Fibonacci 38.2%:  1.2741
       Previous Daily Fibonacci 61.8%:  1.2763
       Previous Daily Pivot Point S1:  1.2685
       Previous Daily Pivot Point S2:  1.265
       Previous Daily Pivot Point S3:  1.2594
       Previous Daily Pivot Point R1:  1.2777
       Previous Daily Pivot Point R2:  1.2833
       Previous Daily Pivot Point R3:  1.2868

 

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