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GBP/USD Technical Analysis: Cable sticks to the 1.2800 figure post-FOMC minutes

GBP/USD daily chart

  • GBP/USD is evolving in a bear trend below the 200 SMA.
  • GBP/USD is trading just above the 50 SMA. 
  • The FOMC minutes had only a limited impact on the currency markets. 

GBP/USD 4-hour chart

  • GBP/USD is testing the December and January highs as it trying to break above the 1.2800 figure.

GBP/USD  30-minute chart

  • GBP/USD is trading above its main SMAs suggesting short-term bullish momentum.
  • A break above the 1.2800 figure can lead to an acceleration to the 1.2900 level.
  • On the flip side, bears will try to resume the main bear trend by targeting 1.2700 figure.

Additional key levels


    Today Last Price: 1.2795
    Today Daily change: 75 pips
    Today Daily change %: 0.590%
    Today Daily Open: 1.272
    Previous Daily SMA20: 1.2672
    Previous Daily SMA50: 1.2773
    Previous Daily SMA100: 1.2896
    Previous Daily SMA200: 1.3143
    Previous Daily High: 1.2798
    Previous Daily Low: 1.2706
    Previous Weekly High: 1.2815
    Previous Weekly Low: 1.2438
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Previous Daily Fibonacci 38.2%: 1.2741
    Previous Daily Fibonacci 61.8%: 1.2763
    Previous Daily Pivot Point S1: 1.2685
    Previous Daily Pivot Point S2: 1.265
    Previous Daily Pivot Point S3: 1.2594
    Previous Daily Pivot Point R1: 1.2777
    Previous Daily Pivot Point R2: 1.2833
    Previous Daily Pivot Point R3: 1.2868


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