GBP/USD Technical Analysis: Cable hugs 1.2850 as Brexit uncertainties unfold

Flavio Tosti Independent Analyst

GBP/USD Daily chart

GBP/USD is trading in a bear trend below the 100 and 200 simple moving averages (SMAs).
At 19.00 GMT, traders must be cautious as Conservative Party lawmakers will vote for or against PM Theresa May amid growing discontent on the Brexit deal.

GBP/USD 4-four chart

GBP/USD is trading above its main SMAs.

GBP/USD 30-minute chart

GBP/USD is trading sideways with no clear direction.
Bears have a small advantage with 1.2820 and 1.2780 as potential targets, but Brexit-related news will keep the GBP very volatile.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2852
    Today Daily change: -32 pips
    Today Daily change %: -0.248%
    Today Daily Open: 1.2884
Trends:
    Previous Daily SMA20: 1.2721
    Previous Daily SMA50: 1.2759
    Previous Daily SMA100: 1.2894
    Previous Daily SMA200: 1.3112
Levels:
    Previous Daily High: 1.2917
    Previous Daily Low: 1.2668
    Previous Weekly High: 1.2866
    Previous Weekly Low: 1.2704
    Previous Monthly High: 1.284
    Previous Monthly Low: 1.2477
    Previous Daily Fibonacci 38.2%: 1.2822
    Previous Daily Fibonacci 61.8%: 1.2763
    Previous Daily Pivot Point S1: 1.2729
    Previous Daily Pivot Point S2: 1.2574
    Previous Daily Pivot Point S3: 1.248
    Previous Daily Pivot Point R1: 1.2978
    Previous Daily Pivot Point R2: 1.3072
    Previous Daily Pivot Point R3: 1.3227

Author

Flavio Tosti

Independent Analyst

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