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  • GBP/USD is challenging the 1.2815 support level in the New York session.
  • The level to beat for sellers is the 1.2815/1.2772 support zone.

GBP/USD daily chart

The Sterling in October spiked up above the main daily simple moving averages (DSMAs) and hit levels not seen since mid-May 2019. The Brexit headlines remain the main catalysts behind the GBP moves.  

GBP/USD four-hour chart

GBP/USD is retracing down, below the 1.2900 handle and the 50 SMA. Bears need a daily break below the 1.2815/1.2772 support zone to reach the 1.2700 handle, according to the Technical Confluences Indicator.  


GBP/USD 30-minute chart

GBP/USD is trading below its main SMAs, suggesting a bearish momentum in the near term. The main resistances are seen at 1.2880 and 1.2908, according to the Technical Confluences Indicator.  


Additional key levels