Pound Sterling Price News and Forecast: GBP/USD stabilises above 1.3300 awaiting Brexit updates


GBP/USD Price Analysis: Monthly support line backs the bulls above 1.3300

GBP/USD prints mild gains while rising to 1.3330, an intraday high of 1.3338, during early Tuesday. The Cable surged to the fresh high since early September the previous day before stepping back from 1.3397.

However, the following U-turn from a horizontal line connecting highs marked since November 11 joins bullish MACD to favor the pair buyers. Also supporting the odds of GBP/USD upside is the successful trading past-50-bar SMA. As a result, the 1.3400 round-figure acts as an immediate upside hurdle for the GBP/USD buyers ahead of the yearly peak surrounding 1.3485.

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GBP/USD stabilises above 1.3300 awaiting Brexit updates

GBP/USD continues to look perky compared to the majority of its USD major counterparts; the pair hit its highest levels since early September on Monday at close to 1.3400 and, although slipping back below 1.3300 amid a bout of broad USD strength midway through the US session, has recovered back above 1.3300 going into Tuesday’s Asia session.

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GBP/USD

Overview
Today last price 1.3328
Today Daily Change 0.0010
Today Daily Change % 0.08
Today daily open 1.3318
 
Trends
Daily SMA20 1.3133
Daily SMA50 1.3008
Daily SMA100 1.299
Daily SMA200 1.2721
 
Levels
Previous Daily High 1.3398
Previous Daily Low 1.3264
Previous Weekly High 1.3312
Previous Weekly Low 1.3166
Previous Monthly High 1.3177
Previous Monthly Low 1.282
Daily Fibonacci 38.2% 1.3347
Daily Fibonacci 61.8% 1.3315
Daily Pivot Point S1 1.3255
Daily Pivot Point S2 1.3193
Daily Pivot Point S3 1.3122
Daily Pivot Point R1 1.3389
Daily Pivot Point R2 1.346
Daily Pivot Point R3 1.3522

 

 

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