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GBP/USD Technical Analysis: Cable break above 1.2850 resistance as more upside is on the cards

GBP/USD 4-hour chart

  • GBP/USD is trading in a bear trend below the 4-hour chart.  
  • GBP/USD broke above the 1.2850 resistance level as technical indicators are starting to pick up steam.  
  • GBP/USD found strong buying interest at the November low opening the doors to a pullback up to the 1.2950 level.  


Additional key levels at a glance:

GBP/USD

Overview:
       Last Price:  1.2854
       Daily change:  76  pips
       Daily change:  0.595%
       Daily Open:  1.2778
Trends:
       Daily SMA20:  1.2934
       Daily SMA50:  1.3033
       Daily SMA100:  1.3023
       Daily SMA200:  1.3379
Levels:
       Daily High:  1.3032
       Daily Low:  1.2724
       Weekly High:  1.3176
       Weekly Low:  1.2958
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.2841
       Daily Fibonacci 61.8%:  1.2914
       Daily Pivot Point S1:  1.2657
       Daily Pivot Point S2:  1.2537
       Daily Pivot Point S3:  1.235
       Daily Pivot Point R1:  1.2965
       Daily Pivot Point R2:  1.3152
       Daily Pivot Point R3:  1.3273

 

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