GBP/USD jumps from weekly lows to daily highs on latest Brexit headlines
|- Pound gains momentum after most recent report points the UK won’t n delay EU goods in case of a no-deal Brexit.
- GBP/USD rebounds from a key technical area, to test 1.3100.
The GBP/USD bottomed minutes ago at 1.3039, the lowest level in a week and then bounced quickly, rising to 1.3103, hitting a fresh daily high. The 1.3040/50 zone continues to be a strong barrier that if broken could clear the way to more losses.
As of writing, trades at 1.3080, after finding resistance around 1.3100, but still holding a positive short-term momentum and a few pips above the levels it closed on Friday.
The move to the upside took place on the back of a report from The Sun, mentioning that Britain will not delay goods coming in from the European Union in case of a no-deal Brexit. The pound rose across the board during the last hours, becoming the top performer among majors.
The greenback lost strength after weaker-than-expected US data. Factory orders declined 0.6% in November against expectations of a 0.2% gain. Higher US yields continue to support the US dollar. The 10-year stands at 2.73%, the highest since January 30.
GBP/USD
Overview:
Today Last Price: 1.3084
Today Daily change: 0.0002 pips
Today Daily change %: 0.02%
Today Daily Open: 1.3082
Trends:
Daily SMA20: 1.2955
Daily SMA50: 1.2794
Daily SMA100: 1.2901
Daily SMA200: 1.3041
Levels:
Previous Daily High: 1.3118
Previous Daily Low: 1.3043
Previous Weekly High: 1.3212
Previous Weekly Low: 1.3043
Previous Monthly High: 1.3214
Previous Monthly Low: 1.2438
Daily Fibonacci 38.2%: 1.3071
Daily Fibonacci 61.8%: 1.3089
Daily Pivot Point S1: 1.3044
Daily Pivot Point S2: 1.3006
Daily Pivot Point S3: 1.297
Daily Pivot Point R1: 1.3119
Daily Pivot Point R2: 1.3155
Daily Pivot Point R3: 1.3193
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