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GBP/USD Technical Analysis: Cable hugs 1.2850 as Brexit uncertainties unfold

GBP/USD Daily chart

  • GBP/USD is trading in a bear trend below the 100 and 200 simple moving averages (SMAs).  
  • At 19.00 GMT, traders must be cautious as Conservative Party lawmakers will vote for or against PM Theresa May amid growing discontent on the Brexit deal.

GBP/USD 4-four chart

  • GBP/USD is trading above its main SMAs.

GBP/USD 30-minute chart

  • GBP/USD is trading sideways with no clear direction.  
  • Bears have a small advantage with 1.2820 and 1.2780 as potential targets, but Brexit-related news will keep the GBP very volatile.

Additional key levels  

GBP/USD

Overview:
       Today Last Price:  1.2852
       Today Daily change:  -32  pips
       Today Daily change %:  -0.248%
       Today Daily Open:  1.2884
Trends:
       Previous Daily SMA20:  1.2721
       Previous Daily SMA50:  1.2759
       Previous Daily SMA100:  1.2894
       Previous Daily SMA200:  1.3112
Levels:
       Previous Daily High:  1.2917
       Previous Daily Low:  1.2668
       Previous Weekly High:  1.2866
       Previous Weekly Low:  1.2704
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Previous Daily Fibonacci 38.2%:  1.2822
       Previous Daily Fibonacci 61.8%:  1.2763
       Previous Daily Pivot Point S1:  1.2729
       Previous Daily Pivot Point S2:  1.2574
       Previous Daily Pivot Point S3:  1.248
       Previous Daily Pivot Point R1:  1.2978
       Previous Daily Pivot Point R2:  1.3072
       Previous Daily Pivot Point R3:  1.3227

 

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