GBP/USD was last seen trading near 1.3160, where the 200-period Simple Moving Average (SMA) meets the Fibonacci 38.2% retracement level of the latest uptrend. In case the pair drops below this level and starts using it as resistance, technical sellers could remain interested. In this scenario, 1.3100 (50-day SMA) could be seen as next support ahead of 1.3070 (Fibonacci 50% retracement) and 1.3000-1.2990 (round level, Fibonacci 61.8% retracement).
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