GBP/USD Technical Analysis: Bolstered at 1.3130 on Brexit hopes
|- The GBP/USD's intraday action over the last twenty-four hours has seen the pair clip into a new near-term high near 1.3175, but the pair has faded back heading into Thursday's main trading sessions, digging in just north of the 1.3100 handle.
- GBP/USD analysis: Brexit optimism overshadows it all
GBP/USD M5
- Over the past week, the Cable has lifted firmly on rising hopes for a successful Brexit negotiation, with yet another key self-imposed deadline of this Friday expected to reveal any kind of last-minute deal in proceedings, and the GBP has been bolstered by hopes for a last-minute deal, and the Cable has been rising in a healthy uptrend, lifting from the 200-period moving average.
GBP/USD M15
- The Cable has pushed into a bullish reversal, crossing the 200-hour moving average and keeping bid above the 50-hour moving average near the 1.3100 handle.
GBP/USD H1
GBP/USD
Overview:
Last Price: 1.3134
Daily change: -3.0 pips
Daily change: -0.0228%
Daily Open: 1.3137
Trends:
Daily SMA20: 1.2996
Daily SMA50: 1.3031
Daily SMA100: 1.3039
Daily SMA200: 1.3414
Levels:
Daily High: 1.3176
Daily Low: 1.3074
Weekly High: 1.3042
Weekly Low: 1.2696
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.3137
Daily Fibonacci 61.8%: 1.3112
Daily Pivot Point S1: 1.3082
Daily Pivot Point S2: 1.3027
Daily Pivot Point S3: 1.298
Daily Pivot Point R1: 1.3184
Daily Pivot Point R2: 1.3231
Daily Pivot Point R3: 1.3286
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.