Home GBP/USD technical analysis: Cable back down to 1.2700 after hitting 3-day highs
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GBP/USD technical analysis: Cable back down to 1.2700 after hitting 3-day highs

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Published date:
  • GBP/USD is back  near the 1.2700 figure.
  • The market rejected 1.2730 resistance as the market reached 3-day high.  

GBP/USD daily chart

GBP/USD is in a bear trend below its main daily simple moving averages (DSMAs). The market is back near the 1.2700 figure.

GBP/USD 4-hour chart
 

Cable is trading above its main SMAs suggesting potential bullish momentum in the medium term. Bulls want to reach 1.2752 and 1.2800 resistances to the upside.  


GBP/USD 30-minute chart
 

The market found resistance at 1.2730. Looking down support is at 1.2686 and 1.2665, according to the Technical Confluences Indicator.


Additional key levels

 

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