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GBP/USD Technical Analysis: Cable kicks off 2019 by 200 pips sell-off

GBP/USD daily chart

  • GBP/USD is starting 2019 by strongly rejecting the 1.2800 and 1.2700 figures.
  • GBP/USD is trading in a bear trend below the 50, 100 and 200-period simple moving averages (SMAs). 

GBP/USD 4-hour chart

  • GBP/USD is trading below the 50, 100 and 200-period simple moving averages (SMAs). 
  • It is now challenging the 1.2600 figure.


GBP/USD 30-minute chart

  • GBP/USD is melting down as it rejected the 50, 100 and 200 SMA. 
  • The bear trend should see a continuation of the bear move towards 1.2570 and 1.2540 supports.

 

Additional key levels:

GBP/USD

Overview:
    Today Last Price: 1.2615
    Today Daily change: -1.4e+2 pips
    Today Daily change %: -1.14%
    Today Daily Open: 1.276
Trends:
    Previous Daily SMA20: 1.2664
    Previous Daily SMA50: 1.2784
    Previous Daily SMA100: 1.2899
    Previous Daily SMA200: 1.3178
Levels:
    Previous Daily High: 1.2765
    Previous Daily Low: 1.2705
    Previous Weekly High: 1.2778
    Previous Weekly Low: 1.2616
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Previous Daily Fibonacci 38.2%: 1.2742
    Previous Daily Fibonacci 61.8%: 1.2728
    Previous Daily Pivot Point S1: 1.2722
    Previous Daily Pivot Point S2: 1.2683
    Previous Daily Pivot Point S3: 1.2662
    Previous Daily Pivot Point R1: 1.2782
    Previous Daily Pivot Point R2: 1.2803
    Previous Daily Pivot Point R3: 1.2842

 

GBP/USD hammered down to 1.2600 handle, 2-week lows

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