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GBP/USD Technical Analysis: Ascending triangle can lead to a retest of 1.2900 figure

GBP/USD daily chart

  • GBP/USD is trading below its main simple moving averages (SMAs) on the daily time-frame.  
  • GBP/USD is hovering near the November lows as the RSI and Stochastic indicators are trading below the 50 line.  


GBP/USD 4-hour chart

  • GBP/USD is currently capped by the 50 SMA.  
  • GBP/USD is trapped in an ascending triangle suggesting that bulls might want to retest   the 1.2900 figure.


GBP/USD 30-minute chart

  • GBP/USD is back below its main SMAs.
  • The level to beat for bears is the 1.2800 figure.  
  • A break below  1.2800  can lead to a drop to the 1.2725 level.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2813
       Today Daily change:  -2.0  pips
       Today Daily change %:  -0.0156%
       Today Daily Open:  1.2815
Trends:
       Previous Daily SMA20:  1.2904
       Previous Daily SMA50:  1.3007
       Previous Daily SMA100:  1.3
       Previous Daily SMA200:  1.3347
Levels:
       Previous Daily High:  1.2885
       Previous Daily Low:  1.2799
       Previous Weekly High:  1.2928
       Previous Weekly Low:  1.2764
       Previous Monthly High:  1.326
       Previous Monthly Low:  1.2696
       Previous Daily Fibonacci 38.2%:  1.2832
       Previous Daily Fibonacci 61.8%:  1.2852
       Previous Daily Pivot Point S1:  1.2781
       Previous Daily Pivot Point S2:  1.2747
       Previous Daily Pivot Point S3:  1.2695
       Previous Daily Pivot Point R1:  1.2867
       Previous Daily Pivot Point R2:  1.2919
       Previous Daily Pivot Point R3:  1.2953

 

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