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GBP/USD Technical Analysis: Cable bears coming back on the forefront post-NFP

GBP/USD daily chart

  • GBP/USD is trading just above its 200-day simple moving average.
  • The US nonfarm payrolls (NFP) in January beats  expectations with 304K vs. 165K forecast.

GBP/USD 4-hour chart

  • GBP/USD is trading below the 200 SMAs suggesting a bullish bias in the medium-term.
  • However, GBP/USD broke below the 50 SMA which indicates that the GBP bulls might be running out steam.

GBP/USD 30-minute chart

  • GBP/USD is trading below its main SMAs suggesting bearish bias in the near-term.  
  • GBP bears will need to break 1.3050 to reach 1.3000 and 1.2930 to the downside.  
  • GBP/USD bears seem to have retaken control of the market.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.3075
       Today Daily change:  -41  pips
       Today Daily change %:  -0.31%
       Today Daily Open:  1.3116
Trends:
       Daily SMA20:  1.2938
       Daily SMA50:  1.2789
       Daily SMA100:  1.2901
       Daily SMA200:  1.3046
Levels:
       Previous Daily High:  1.3161
       Previous Daily Low:  1.3098
       Previous Weekly High:  1.3214
       Previous Weekly Low:  1.283
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.3137
       Daily Fibonacci 61.8%:  1.3122
       Daily Pivot Point S1:  1.3089
       Daily Pivot Point S2:  1.3061
       Daily Pivot Point S3:  1.3025
       Daily Pivot Point R1:  1.3152
       Daily Pivot Point R2:  1.3189
       Daily Pivot Point R3:  1.3216

 

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