GBP/USD Technical Analysis: Reclaiming the 1.3000 handle, but key Fibo levels remain
- The GBP/USD remains pinned to the 1.3000 handle after Thursday's 250-someodd pip rise on refreshed Brexit hopes, and the pair remains pushed into near-term highs.

GBP/USD M5
Hourly candles show the Cable has blown right past the 200-hour moving average at 1.2860, and the 50-hour moving average has inverted the pair's near-term bias, setting in a potential floor at the 1.2900 handle.
GBP/USD H1
- The past three weeks have seen the Cable steeply off of early October's highs, and yesterday's trendline break sees the GBP/USD making a clean challenge of the 61.8% Fibo level neat 1.3030, and buyers could see challenges heading into Friday's action.
GBP/USD H4
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GBP/USD
Overview:
Last Price: 1.3006
Daily change: 1.0 pips
Daily change: 0.00769%
Daily Open: 1.3005
Trends:
Daily SMA20: 1.3011
Daily SMA50: 1.3019
Daily SMA100: 1.3045
Daily SMA200: 1.3436
Levels:
Daily High: 1.3036
Daily Low: 1.2762
Weekly High: 1.3092
Weekly Low: 1.2777
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.2932
Daily Fibonacci 61.8%: 1.2867
Daily Pivot Point S1: 1.2833
Daily Pivot Point S2: 1.266
Daily Pivot Point S3: 1.2558
Daily Pivot Point R1: 1.3107
Daily Pivot Point R2: 1.3209
Daily Pivot Point R3: 1.3382
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.




















