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GBP/USD Technical Analysis: Cable bears drive the market below the 1.2900 figure

GBP/USD chart

  • GBP/USD is in a bear trend below its 200-day simple moving averages (SMA).

GBP/USD 4-hour chart

  • GBP/USD is trading above its mains SMAs.

GBP/USD  30-minute chart

  • As bears broke below the 1.2900 figure and the 200 SMA, GBP/USD is set to decline toward the 1.2820 level.  

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2875
       Today Daily change:  -0.0113  pips
       Today Daily change %:  -0.87%
       Today Daily Open:  1.2988
Trends:
       Daily SMA20:  1.275
       Daily SMA50:  1.2752
       Daily SMA100:  1.2892
       Daily SMA200:  1.3099
Levels:
       Previous Daily High:  1.3002
       Previous Daily Low:  1.2832
       Previous Weekly High:  1.2866
       Previous Weekly Low:  1.2704
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Daily Fibonacci 38.2%:  1.2937
       Daily Fibonacci 61.8%:  1.2897
       Daily Pivot Point S1:  1.288
       Daily Pivot Point S2:  1.2771
       Daily Pivot Point S3:  1.271
       Daily Pivot Point R1:  1.3049
       Daily Pivot Point R2:  1.311
       Daily Pivot Point R3:  1.3219

 

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