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  • GBP/USD trades little weak around 1.2980 during early Monday.
  • The pair slipped beneath 200-day simple moving average (SMA) but couldn’t decline much under immediate ascending support-line joining January low to February ones.
  • As a result, 1.2950 – 1.2990 area seems restricting the movement ahead of the London market open.
  • Should the quote dips below 1.2950, 1.2900, 38.2% Fibonacci retracement of June 2018-January 2019 slide, at 1.2830 and February low near 1.2770 can gain sellers’ attention.
  • In a case prices rally beyond 1.2990 SMA resistance, a break of 1.3000 can work as a validation to additional rise towards 61.8% Fibonacci retracement near 1.3075/80.
  • Also, the pair’s successful rise above 1.3080 could favor optimists to target 1.3180.

GBP/USD daily chart

Additional important levels:

Overview:
       Today Last Price:  1.2977
       Today Daily change:  -36  pips
       Today Daily change %:  -0.28%
       Today Daily Open:  1.3013
Trends:
       Daily SMA20:  1.3059
       Daily SMA50:  1.2972
       Daily SMA100:  1.2882
       Daily SMA200:  1.2987
Levels:
       Previous Daily High:  1.3109
       Previous Daily Low:  1.299
       Previous Weekly High:  1.3269
       Previous Weekly Low:  1.299
       Previous Monthly High:  1.3351
       Previous Monthly Low:  1.2773
       Daily Fibonacci 38.2%:  1.3035
       Daily Fibonacci 61.8%:  1.3063
       Daily Pivot Point S1:  1.2966
       Daily Pivot Point S2:  1.2919
       Daily Pivot Point S3:  1.2847
       Daily Pivot Point R1:  1.3084
       Daily Pivot Point R2:  1.3156
       Daily Pivot Point R3:  1.3203