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GBP/USD Technical Analysis: Status-quo remains intact as 1.3120 caps the upside

GBP/USD daily chart

  • GBP/USD is consolidating just above the 50-day simple moving average (SMA). 


GBP/USD 4-hour chart

  • GBP/USD is stuck between the 100 and 200 SMA.


GBP/USD 30-minute chart

  • GBP/USD reached a new weekly high but it remains stuck in a range below 1.3120 resistance.
  • Bears can reach 1.3080 and 1.3040 level to the downside if they gather enough steam.
  • On the flip side, bulls need a clear break above 1.3120 resistance to move up to the 1.3200 handle.

Additional key levels

 

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