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Forex pairs in this Article » GBP/USD
FXstreet.com (Córdoba) - The GBP/USD weakened Monday and fell below 1.6000, although it managed to stay above the post-NFP low.

The GBP/USD recovery from the 1.5955 zone, stalled at 1.6020 today despite a couple of attempts, putting the Cable under renewed pressure. The GBP/USD fell over 50 pips over the last hours and hit a low of 1.5964 before finding support in thinned markets due to the US Veterans Day. At time of writing, GBP/USD is trading at the 1.5980 zone, recording a 0.1% decline on the day.

GBP/USD key levels


"Technical studies indicate that support levels are located at 1.5949/04 and then at 1.5894", says the Talking-Forex.com team. "On the other hand, resistance levels are seen at the 10DMA line at 1.6023 and then at 1.6072, which is also the 30DMA line".
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