GBP/USD Technical Analysis: Bolstered at 1.3130 on Brexit hopes

The GBP/USD's intraday action over the last twenty-four hours has seen the pair clip into a new near-term high near 1.3175, but the pair has faded back heading into Thursday's main trading sessions, digging in just north of the 1.3100 handle.
GBP/USD analysis: Brexit optimism overshadows it all

Joshua Gibson FXStreet

GBP/USD M5

Over the past week, the Cable has lifted firmly on rising hopes for a successful Brexit negotiation, with yet another key self-imposed deadline of this Friday expected to reveal any kind of last-minute deal in proceedings, and the GBP has been bolstered by hopes for a last-minute deal, and the Cable has been rising in a healthy uptrend, lifting from the 200-period moving average.

GBP/USD M15

The Cable has pushed into a bullish reversal, crossing the 200-hour moving average and keeping bid above the 50-hour moving average near the 1.3100 handle.

GBP/USD H1

GBP/USD

Overview:
    Last Price: 1.3134
    Daily change: -3.0 pips
    Daily change: -0.0228%
    Daily Open: 1.3137
Trends:
    Daily SMA20: 1.2996
    Daily SMA50: 1.3031
    Daily SMA100: 1.3039
    Daily SMA200: 1.3414
Levels:
    Daily High: 1.3176
    Daily Low: 1.3074
    Weekly High: 1.3042
    Weekly Low: 1.2696
    Monthly High: 1.326
    Monthly Low: 1.2696
    Daily Fibonacci 38.2%: 1.3137
    Daily Fibonacci 61.8%: 1.3112
    Daily Pivot Point S1: 1.3082
    Daily Pivot Point S2: 1.3027
    Daily Pivot Point S3: 1.298
    Daily Pivot Point R1: 1.3184
    Daily Pivot Point R2: 1.3231
    Daily Pivot Point R3: 1.3286

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

AUD/USD edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

The AUD/USD pair gathers strength to near 0.7035 during the Asian trading hours on Friday. The Australian Dollar edges higher against the US Dollar as hotter Australian CPI inflation data has bolstered expectations of Reserve Bank of Australia rate hikes.

USD/JPY meets support near 157.00

USD/JPY retreats for the third consecutive day on Friday, revisiting the 157.00 region before attempting some recovery as investors continue to assess the latest BoJ meeting, where the central bank left rates unchanged, as widely anticipated.

Gold sinks to fresh yearly lows despite risk-off mood as Fed rate hike bets weigh

Gold slips to fresh year-to-date lows on Friday. The metal struggles despite a risk-off mood across markets, as expectations of further Federal Reserve (Fed) interest rate hikes continue to dominate price action, leaving Gold on track to end the month in negative territory.

Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations

Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.

BoJ recap: A pause for now... but Japan has entered a new inflation phase

The Bank of Japan left its short-term policy rate unchanged at 1.25% but delivered a distinctly hawkish message on the risk of an inflation overshoot. The decision passed by 8-1, with board member Takata dissenting in favour of an increase to 1.5%, while Governor Kazuo Ueda stressed that the Bank would continue adjusting policy as needed.

The 2% inflation target came from a throwaway remark. It now moves trillions

The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.