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GBP/USD Technical Analysis: Set to continue breakdown into fresh 18-month lows

  • GBP/USD trading into 12680 after slipping the 1.2700 handle in Wednesday’s early Asia market window.

GBP/USD, 5-Minute

  • The Cable remains grudgingly bearish despite frequent swings to the upside, fueled largely by fundamental flows on Brexit.

GBP/USD, 30-Minute

  • Steep declines  have been the hallmark of GBP/USD over the last quarter, but the tick into a new 18-month low at 1.2658 may have opened the door to further downside for the Cable.

GBP/USD, 4-Hour

GBP/USD

Overview:
       Today Last Price:  1.2681
       Today Daily change:  -30  pips
       Today Daily change %:  -0.236%
       Today Daily Open:  1.2711
Trends:
       Previous Daily SMA20:  1.2852
       Previous Daily SMA50:  1.2952
       Previous Daily SMA100:  1.2968
       Previous Daily SMA200:  1.3304
Levels:
       Previous Daily High:  1.284
       Previous Daily Low:  1.2659
       Previous Weekly High:  1.2864
       Previous Weekly Low:  1.2725
       Previous Monthly High:  1.3176
       Previous Monthly Low:  1.2723
       Previous Daily Fibonacci 38.2%:  1.2728
       Previous Daily Fibonacci 61.8%:  1.2771
       Previous Daily Pivot Point S1:  1.2633
       Previous Daily Pivot Point S2:  1.2555
       Previous Daily Pivot Point S3:  1.2452
       Previous Daily Pivot Point R1:  1.2815
       Previous Daily Pivot Point R2:  1.2918
       Previous Daily Pivot Point R3:  1.2996

 

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