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


  • 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.


  • 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.



    Last Price: 1.3134
    Daily change: -3.0 pips
    Daily change: -0.0228%
    Daily Open: 1.3137
    Daily SMA20: 1.2996
    Daily SMA50: 1.3031
    Daily SMA100: 1.3039
    Daily SMA200: 1.3414
    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


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