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GBP/USD Technical Analysis: Cable painfully advancing amid barrage of Brexit news

GBP/USD daily chart

  • GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).


GBP/USD 4-hour chart

  • GBP/USD is trading above its main SMAs suggesting a bullish momentum in the medium-term.  

GBP/USD 30-minute chart

  • GBP/USD is trading below the 1.3200 figure and its main SMAs suggesting bullish momentum in the short-term.
  • The level to beat for bulls is 1.3250 followed by 1.3300 the figure.
  • To the downside, support is at 1.3200 figure and 1.3150 level.

Additional key levels

 

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