GBP/USD Technical Analysis: Marking in a foothold from 1.3050

The GBP/USD is seeing stiff action near 1.3050 as broader markets await a last-minute Brexit deal announcement, but the pair's
GBP/USD Forecast: Expectations of Brexit deal delivery keep Sterling anchored above 1.3000

Joshua Gibson FXStreet

GBP/USD M5

Hourly candles are showing a promising bullish stance for the Cable, with the 50-hour moving average providing firm support from the 1.3000 major handle.

GBP/USD H1

The past two months shows the GBP/USD clearing space out from above the 61.8% Fibo retracement level, lending support to a long-term bullish trend reversal.

GBP/USD H4

GBP/USD

Overview:
    Last Price: 1.3054
    Daily change: 14 pips
    Daily change: 0.107%
    Daily Open: 1.304
Trends:
    Daily SMA20: 1.3001
    Daily SMA50: 1.3024
    Daily SMA100: 1.304
    Daily SMA200: 1.3424
Levels:
    Daily High: 1.3056
    Daily Low: 1.2965
    Weekly High: 1.3042
    Weekly Low: 1.2696
    Monthly High: 1.326
    Monthly Low: 1.2696
    Daily Fibonacci 38.2%: 1.3
    Daily Fibonacci 61.8%: 1.3021
    Daily Pivot Point S1: 1.2984
    Daily Pivot Point S2: 1.2928
    Daily Pivot Point S3: 1.2892
    Daily Pivot Point R1: 1.3076
    Daily Pivot Point R2: 1.3112
    Daily Pivot Point R3: 1.3168

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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