GBP/USD Technical Analysis: Brexit headlines, firm EMAs keeping the Cable bolstered

The Cable saw plenty of buying pressure in the early Asia session, and now the GBP/USD is heading into the upcoming London market session near 1.3225.
Hourly indicators are leaning towards the downside near oversold territory, but the GBP is well-balanced at recent highs.
The pair continues to be well-bid at the 50-period EMA on 15-Minute charts.

Joshua Gibson FXStreet

GBP/USD Chart, 15-Minute

GBP/USD

Overview:
    Last Price: 1.3223
    Daily change: 31 pips
    Daily change: 0.235%
    Daily Open: 1.3192
Trends:
    Daily SMA20: 1.3104
    Daily SMA50: 1.2974
    Daily SMA100: 1.3104
    Daily SMA200: 1.3494
Levels:
    Daily High: 1.3216
    Daily Low: 1.3135
    Weekly High: 1.3123
    Weekly Low: 1.2922
    Monthly High: 1.33
    Monthly Low: 1.2897
    Daily Fibonacci 38.2%: 1.3185
    Daily Fibonacci 61.8%: 1.3166
    Daily Pivot Point S1: 1.3146
    Daily Pivot Point S2: 1.31
    Daily Pivot Point S3: 1.3064
    Daily Pivot Point R1: 1.3227
    Daily Pivot Point R2: 1.3263
    Daily Pivot Point R3: 1.3309

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.

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