GBP/USD short-term outlook

GBP/USD settled at 1.2795, a level that was last seen in July, not far from a weekly low of 1.2762.
In the daily chart, the bearish case is clear, as the pair is now well below its 20 DMA.
Technical indicators have decelerated but stand at daily lows within negative levels.

Support levels: 1.2760 1.2715 1.2665

Resistance levels: 1.2840 1.2885 1.2930

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