• GBP/USD is consolidating losses after reaching levels not seen since November 2019. 
  • The level to beat for bears is the 1.2824 support.
 

GBP/USD daily chart 

 
Following the October and December bull-run, GBP/USD is trading in a rectangle consolidation above its 200-day simple moving averages (SMAs).
 

GBP/USD four-hour chart

 
GBP/USD is consolidating losses after hitting levels not seen since November 2019. Although the pound as scope for a correction higher the currency pair remains relatively weak, especially on a break below the 1.2824 support. Downside targets can be seen near the 1.2757 and 1.2731 levels. On the flip side, bullish attempts might find resistance near the 1.2918, 1.2958 and 1.3000 levels, according to the Technical Confluences Indicator.
 
 
Resistance: 1.2918, 1.2958, 1.3000
Support: 1.2824, 1.2757, 1.2731
   
 

Additional key levels

GBP/USD

Overview
Today last price 1.2877
Today Daily Change -0.0047
Today Daily Change % -0.36
Today daily open 1.2924
 
Trends
Daily SMA20 1.3013
Daily SMA50 1.3058
Daily SMA100 1.2949
Daily SMA200 1.2693
 
Levels
Previous Daily High 1.3024
Previous Daily Low 1.2907
Previous Weekly High 1.307
Previous Weekly Low 1.2872
Previous Monthly High 1.3281
Previous Monthly Low 1.2954
Daily Fibonacci 38.2% 1.2952
Daily Fibonacci 61.8% 1.2979
Daily Pivot Point S1 1.2879
Daily Pivot Point S2 1.2835
Daily Pivot Point S3 1.2762
Daily Pivot Point R1 1.2996
Daily Pivot Point R2 1.3069
Daily Pivot Point R3 1.3113

 

 

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