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Forex pairs in this Article » GBP/USD (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 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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