GBP/USD Technical Analysis: Brexit hopes keeping the Cable pinned above 1.3100
|- The past twenty-four hours have seen the GBP/USD take steps higher, largely fueled by staunch hopes for a last-minute Brexit deal, but 1.3100 is proving to be something of a bear trap heading into the mid-week inflection point.
- GBP/USD Forecast: Bulls add Mid-Terms on top of Brexit hopes, 1.3250 eyed
GBP/USD M5
- This week has marked an easy gainer for the Cable, lifting from opening prices near 1.3020, and sequential higher lows and providing a nice jumping-off point for reloading buys.
GBP/USD M15
- Despite recent bullish moves, the Cable market has been decidedly one-sided, with Brexit-hopeful bidders keeping the Sterling aloft from a recent bottom of 1.2700, and GBP/USD traders should be increasingly fearful of reality crashing in once again as the Cable heads for near-term highs at the 1.3200 handle.
GBP/USD H1
GBP/USD
Overview:
Last Price: 1.3116
Daily change: 19 pips
Daily change: 0.145%
Daily Open: 1.3097
Trends:
Daily SMA20: 1.2998
Daily SMA50: 1.3029
Daily SMA100: 1.3039
Daily SMA200: 1.3419
Levels:
Daily High: 1.31
Daily Low: 1.3021
Weekly High: 1.3042
Weekly Low: 1.2696
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.307
Daily Fibonacci 61.8%: 1.3051
Daily Pivot Point S1: 1.3045
Daily Pivot Point S2: 1.2993
Daily Pivot Point S3: 1.2966
Daily Pivot Point R1: 1.3125
Daily Pivot Point R2: 1.3152
Daily Pivot Point R3: 1.3204
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