GBP/USD Technical Analysis: Cable hit a new daily low ahead of UK parliamentary debate on Brexit Plan B


GBP/USD daily chart

  • GBP/USD broke above the 1.13100 figure and the 200-day simple moving average suggesting bullish momentum on the daily time-frame.
  • The Brexit Plan B amendments are going to be debated and then voted in the House of Commons at around 19.00 GMT or later this week.

GBP/USD 4-hour chart

  • GBP/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD broke below the 50 SMA and the 1.3200 figure, suggesting a potential slowdown in the current bull trend. 
  • Bear targets to the downside can be seen near the 1.3100 and 1.3050 level.
  • The 1.3180 and 1.3210 levels are resistances on Tuesday. 

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.315
    Today Daily change: -13 pips
    Today Daily change %: -0.10%
    Today Daily Open: 1.3163
Trends:
    Daily SMA20: 1.2873
    Daily SMA50: 1.2771
    Daily SMA100: 1.2899
    Daily SMA200: 1.3058
Levels:
    Previous Daily High: 1.3212
    Previous Daily Low: 1.3137
    Previous Weekly High: 1.3214
    Previous Weekly Low: 1.283
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Daily Fibonacci 38.2%: 1.3166
    Daily Fibonacci 61.8%: 1.3183
    Daily Pivot Point S1: 1.3129
    Daily Pivot Point S2: 1.3096
    Daily Pivot Point S3: 1.3054
    Daily Pivot Point R1: 1.3204
    Daily Pivot Point R2: 1.3246
    Daily Pivot Point R3: 1.3279

 

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