GBP/USD is trading below the 50-period SMA on the four-hour chart and the Relative Strength Index (RSI) indicator has declined below 50, suggesting that buyers show no interest in the pound for the time being.
=> On the downside, the 1.3200/1.3190 area (static level, psychological level), In case a four-hour candle closes below the latter, the pair could extend its slide toward 1.3160 (December 8 low), then 1.3120.
=> On the contrary, the buyers are defending the support area of 1.3190-1.3200, if successful, GU can be pushed to 1.3280, then to 1.3350.
=> On the downside, the 1.3200/1.3190 area (static level, psychological level), In case a four-hour candle closes below the latter, the pair could extend its slide toward 1.3160 (December 8 low), then 1.3120.
=> On the contrary, the buyers are defending the support area of 1.3190-1.3200, if successful, GU can be pushed to 1.3280, then to 1.3350.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.