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

Don't forget to check out FXStreet's own live chart to see instant updates on the GBP/USD!

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

 

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