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GBP/USD Technical Analysis: Cable kicks off 2019 by 200 pips sell-off

GBP/USD daily chart

  • GBP/USD is starting 2019 by strongly rejecting the 1.2800  and 1.2700 figures.
  • GBP/USD is trading in a bear trend below the 50, 100 and 200-period simple moving averages (SMAs).  

GBP/USD 4-hour chart

  • GBP/USD is trading below the 50, 100 and 200-period simple moving averages (SMAs).  
  • It is now challenging the 1.2600 figure.

GBP/USD 30-minute chart

  • GBP/USD is melting down as it rejected the 50, 100 and 200 SMA.  
  • The bear trend  should see a continuation of the bear move towards 1.2570 and 1.2540 supports.

 

Additional key levels:

GBP/USD

Overview:
       Today Last Price:  1.2615
       Today Daily change:  -1.4e+2  pips
       Today Daily change %:  -1.14%
       Today Daily Open:  1.276
Trends:
       Previous Daily SMA20:  1.2664
       Previous Daily SMA50:  1.2784
       Previous Daily SMA100:  1.2899
       Previous Daily SMA200:  1.3178
Levels:
       Previous Daily High:  1.2765
       Previous Daily Low:  1.2705
       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%:  1.2742
       Previous Daily Fibonacci 61.8%:  1.2728
       Previous Daily Pivot Point S1:  1.2722
       Previous Daily Pivot Point S2:  1.2683
       Previous Daily Pivot Point S3:  1.2662
       Previous Daily Pivot Point R1:  1.2782
       Previous Daily Pivot Point R2:  1.2803
       Previous Daily Pivot Point R3:  1.2842

 

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