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GBP/USD Technical Analysis: Cable hit a new daily low ahead of UK parliamentary debate on Brexit Plan B

GBP/USD daily chart

  • GBP/USD broke above the 1.13100 figure and the 200-day simple moving average suggesting bullish momentum on the daily time-frame.
  • The Brexit Plan B amendments are going to be debated and then voted in the House of Commons at around 19.00 GMT or later this week.

GBP/USD 4-hour chart

  • GBP/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD broke below the 50 SMA and the 1.3200 figure, suggesting a potential slowdown in the current bull trend.  
  • Bear targets to the downside can be seen near the 1.3100 and 1.3050 level.
  • The 1.3180 and 1.3210 levels are resistances on Tuesday.  

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.315
       Today Daily change:  -13  pips
       Today Daily change %:  -0.10%
       Today Daily Open:  1.3163
Trends:
       Daily SMA20:  1.2873
       Daily SMA50:  1.2771
       Daily SMA100:  1.2899
       Daily SMA200:  1.3058
Levels:
       Previous Daily High:  1.3212
       Previous Daily Low:  1.3137
       Previous Weekly High:  1.3214
       Previous Weekly Low:  1.283
       Previous Monthly High:  1.284
       Previous Monthly Low:  1.2477
       Daily Fibonacci 38.2%:  1.3166
       Daily Fibonacci 61.8%:  1.3183
       Daily Pivot Point S1:  1.3129
       Daily Pivot Point S2:  1.3096
       Daily Pivot Point S3:  1.3054
       Daily Pivot Point R1:  1.3204
       Daily Pivot Point R2:  1.3246
       Daily Pivot Point R3:  1.3279

 

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