GBP/USD Technical Analysis: Cable advancing to 3-day’s high amidst Brexit saga and ahead of FOMC
|GBP/USD daily chart
- GBP/USD is consolidating above the 200-day simple moving average (SMA).
- The FOMC at 18.00 GMT can lead to high volatility in USD-related pairs.
- UK's PM May addresses EU leaders, requesting article 50 extension until 30 June (Letter to European Council President Donald Tusk enclosed).
GBP/USD 4-hour chart
- GBP/USD is rising towards the 100 SMA.
GBP/USD 30-minute chart
- GBP/USD is challenging the 1.3120 resistance. Buyers seem to be in charge which could potentially lead to a bullish continuation to 1.3200 and 1.3250 resistance.
- The main supports to the downside are seen at 1.3080, 1.3040 and 1.3000 level.
Additional key levels
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