GBP/USD Technical Analysis: Cable trading below 1.3200 figure ahead of UK parliamentary debate on Brexit Plan B

Flavio Tosti Independent Analyst

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 voted in the House of Commons at around 19.00 GMT or later this week.

GBP/USD 4-hour chart

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

GBP/USD 30-minute chart

Sterling broke below the 50 SMA and the 1.3200 figure against USD, suggesting a potential slowdown in the current bull trend.
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: 1.317
    Today Daily change: 7 pips
    Today Daily change %: 0.05%
    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

Author

Flavio Tosti

Independent Analyst

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