GBP/USD Technical Analysis: Cable falling from daily highs as bears challenge 1.2950 level
|GBP/USD daily chart
- GBP/USD is trading below its 200-day simple moving average (SMA).
- GBP/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.
GBP/USD 30-minute chart
- The market is trading below its main SMAs suggesting a bearish bias in the short-term.
- A break below 1.2950 support should open the gates to 1.2900 figure.
- Strong resistance is seen at 1.3000 figure and 1.3040 level.
Additional key levels
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