- The GBP/USD pairing is catching some bids in the pre-London session, rising over 1.2750 in early Wednesday trading, but the pair remains steeply off of recent highs, losing the 1.2800 major handle in Tuesday's trading as the Cable market remains fairly risk-off.
- An intraday floor has been priced in near 1.2725 as the Cable lifts above the 200-period moving average near 1,2740.
GBP/USD, 5-Minute
- Going back over the past two weeks, 1.2860 remains a key inflection point, and near-term bulls will be waiting for a successful break-and-retest of the congestion region before stepping up their long orders.
GBP/USD, 30-Minute
- In the medium-term, the Cable is confined neatly in a descending triangle, while a fresh break into the 1.2700 level will see further downside open up as bearish bets break free of a heavy stop zone.
GBP/USD, 4-Hour
GBP/USD
Overview:
Today Last Price: 1.2755
Today Daily change: 21 pips
Today Daily change %: 0.165%
Today Daily Open: 1.2734
Trends:
Previous Daily SMA20: 1.2906
Previous Daily SMA50: 1.2992
Previous Daily SMA100: 1.299
Previous Daily SMA200: 1.3335
Levels:
Previous Daily High: 1.2836
Previous Daily Low: 1.2725
Previous Weekly High: 1.2928
Previous Weekly Low: 1.2764
Previous Monthly High: 1.326
Previous Monthly Low: 1.2696
Previous Daily Fibonacci 38.2%: 1.2767
Previous Daily Fibonacci 61.8%: 1.2793
Previous Daily Pivot Point S1: 1.2694
Previous Daily Pivot Point S2: 1.2654
Previous Daily Pivot Point S3: 1.2584
Previous Daily Pivot Point R1: 1.2805
Previous Daily Pivot Point R2: 1.2875
Previous Daily Pivot Point R3: 1.2915
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.