Home GBP/USD Technical Analysis: 1.2960 bullish target hit on Brexit news
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GBP/USD Technical Analysis: 1.2960 bullish target hit on Brexit news

GBP/USD daily chart

  • GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).  
  • GBP/USD is trading at daily highs as PM May is still looking to reopen the withdrawal agreement.
  • As forecast last week, 1.2960 targets has been reached to the pip this Tuesday.  

GBP/USD 4-hour chart

  • GBP/USD are trying to regain control as they are attempting to break above the 200 SMA.

GBP/USD 30-minute chart

  • GBP/USD is trading above the main SMAs suggesting bullish momentum in the short-term.
  • The level to beat for bulls is 1.2960. The next target to the upside is seen at 1.3000 figure.
  • Support is at 1.2900 and 1.2800 figure.

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.2951
       Today Daily change:  23  pips
       Today Daily change %:  0.18%
       Today Daily Open:  1.2928
Trends:
       Daily SMA20:  1.2993
       Daily SMA50:  1.2831
       Daily SMA100:  1.2877
       Daily SMA200:  1.3004
Levels:
       Previous Daily High:  1.294
       Previous Daily Low:  1.2891
       Previous Weekly High:  1.2959
       Previous Weekly Low:  1.2773
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.2921
       Daily Fibonacci 61.8%:  1.291
       Daily Pivot Point S1:  1.29
       Daily Pivot Point S2:  1.2871
       Daily Pivot Point S3:  1.2851
       Daily Pivot Point R1:  1.2948
       Daily Pivot Point R2:  1.2968
       Daily Pivot Point R3:  1.2997

 

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