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GBP/USD Technical Analysis: Sterling is depreciating post-NFP as Cable is set to revisit 1.2560 level

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-period simple moving average (SMA).
  • The US nonfarm payrolls (NFP) came in above market forecast at 312K vs. 177K which is potentially bullish for the US Dollar.

GBP/USD 4-hour chart

  • GBP/USD is currently rejecting the 50 and 100 SMAs.

GBP/USD 30-minute chart

  • GBP/USD is currently capped by the 200 SMA.
  • GBP/USD rejected the 100 SMA and 1.2620 and 1.2560 are seen as potential bear targets.

Additional key levels 

GBP/USD

Overview:
    Today Last Price: 1.2644
    Today Daily change: 9.0 pips
    Today Daily change %: 0.0712%
    Today Daily Open: 1.2635
Trends:
    Previous Daily SMA20: 1.265
    Previous Daily SMA50: 1.2775
    Previous Daily SMA100: 1.2898
    Previous Daily SMA200: 1.3162
Levels:
    Previous Daily High: 1.2648
    Previous Daily Low: 1.2438
    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%: 1.2568
    Previous Daily Fibonacci 61.8%: 1.2518
    Previous Daily Pivot Point S1: 1.2499
    Previous Daily Pivot Point S2: 1.2363
    Previous Daily Pivot Point S3: 1.2289
    Previous Daily Pivot Point R1: 1.271
    Previous Daily Pivot Point R2: 1.2784
    Previous Daily Pivot Point R3: 1.292

 

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