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GBP/USD Technical Analysis: Brexit-laden Cable strangling 1.3000

  • The GBP/USD is drifting higher heading into Friday’s action, after a rough Thursday session sent the  Cable into a rough ranging pattern.
  • GBP/USD Forecast: Trying to stabilize after Brexit headlines-led volatile swings

GBP/USD Chart, 5-Minute

  • Brexit headlines have a measurable effect on the Cable, and the GBP/USD’s wild swings can be seen over the past two weeks, with recent trading days seeing a notable uptick in non-directional volatility.

GBP/USD Chart, 30-Minute

  • The last two months see  the GBP/USD in a rough medium-term range, but technical outlays remain strangled as technical indicators continue to  spit out trading signals at inconvenient intervals between swings in both directions.

GBP/USD Chart, 4-Hour

GBP/USD

Overview:
       Last Price:  1.3022
       Daily change:  10  pips
       Daily change:  0.0769%
       Daily Open:  1.3012
Trends:
       Daily SMA20:  1.2946
       Daily SMA50:  1.3036
       Daily SMA100:  1.3026
       Daily SMA200:  1.3385
Levels:
       Daily High:  1.3074
       Daily Low:  1.2881
       Weekly High:  1.3176
       Weekly Low:  1.2958
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.3
       Daily Fibonacci 61.8%:  1.2955
       Daily Pivot Point S1:  1.2904
       Daily Pivot Point S2:  1.2796
       Daily Pivot Point S3:  1.2712
       Daily Pivot Point R1:  1.3097
       Daily Pivot Point R2:  1.3181
       Daily Pivot Point R3:  1.3289

 

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