The 200-period Simple Moving Average (SMA) on the four-hour chart aligns as a pivot level at 1.2700. If GBP/USD continues to use that level as resistance, technical sellers could remain interested. In this scenario, 1.2650 (Fibonacci 23.6% retracement of the October-December uptrend) and 1.2600 (psychological level, static level) could be seen as next bearish targets.
On the upside, resistances could be at 1.2760 (static level) and 1.2780 (static level) in case GBP/USD stabilizes above 1.2700.
GBPUSD SELL NOW. 127446
CONFIRM TARGET 126710
On the upside, resistances could be at 1.2760 (static level) and 1.2780 (static level) in case GBP/USD stabilizes above 1.2700.
GBPUSD SELL NOW. 127446
CONFIRM TARGET 126710
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