GBP/USD Technical Analysis: Cable sticking to 1.3000 as Brexit headlines flip-flop
|- The GBP/USD is trading back up above the 1.3000 handle after waffling following an over-eager bullish gap to open the week's action, and the gap is heading into the London market session still open.
- GBP/USD Weekly Forecast: Downside trend break sets the stage for 1.3060-1.3100
GBP/USD, M5
- The Cable has been pinned to 1.3000 after catching a bullish ride on Brexit-hopeful headlines, picking up from last week's low near 1.2700.
GBP/USD M15
- The Sterling-Dollar pairing is struggling to maintain buillish momentum over the critical 61.8% Fibo retracement level, and continued failure to see buying pressure could have the Cable marking in a long-term lower high, reinforcing a bearish trend.
GBP/USD H4
GBP/USD
Overview:
Last Price: 1.3
Daily change: 32 pips
Daily change: 0.247%
Daily Open: 1.2968
Trends:
Daily SMA20: 1.3003
Daily SMA50: 1.3021
Daily SMA100: 1.3042
Daily SMA200: 1.343
Levels:
Daily High: 1.3042
Daily Low: 1.2952
Weekly High: 1.3042
Weekly Low: 1.2696
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.2986
Daily Fibonacci 61.8%: 1.3008
Daily Pivot Point S1: 1.2932
Daily Pivot Point S2: 1.2896
Daily Pivot Point S3: 1.2841
Daily Pivot Point R1: 1.3023
Daily Pivot Point R2: 1.3078
Daily Pivot Point R3: 1.3114
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