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GBP/USD Technical Analysis: Cable set for a dive to 1.2700 October low

  • GBP/USD is trading in a bear trend below the 200-period simple moving average. 
  • GBP/USD is trading near the October low at 1.2700 figure. Bears are set to retest the level soon. 
  • Bears would need a close below 1.2700 on a daily closing basis in order to confirm a bear trend continuation. Alternatively, bulls will step in and lift the market back up to 1.2900 and 1.3000 figure. 

GBP/USD 4-hour chart

Additional key levels at a glance:

GBP/USD

Overview:
    Last Price: 1.28
    Daily change: -2.1e+2 pips
    Daily change: -1.63%
    Daily Open: 1.3012
Trends:
    Daily SMA20: 1.2946
    Daily SMA50: 1.3036
    Daily SMA100: 1.3026
    Daily SMA200: 1.3385
Levels:
    Daily High: 1.3074
    Daily Low: 1.2881
    Weekly High: 1.3176
    Weekly Low: 1.2958
    Monthly High: 1.326
    Monthly Low: 1.2696
    Daily Fibonacci 38.2%: 1.3
    Daily Fibonacci 61.8%: 1.2955
    Daily Pivot Point S1: 1.2904
    Daily Pivot Point S2: 1.2796
    Daily Pivot Point S3: 1.2712
    Daily Pivot Point R1: 1.3097
    Daily Pivot Point R2: 1.3181
    Daily Pivot Point R3: 1.3289


 

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