Home GBP/USD technical analysis: Brexit optimism pushes the Cable above the 1.2800 handle
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GBP/USD technical analysis: Brexit optimism pushes the Cable above the 1.2800 handle

FX Street
Updated:
  • Brexit headlines send GBP/USD above the 1.2800 handle.
  • GBP/USD leaps above 1.28 as DUP reportedly accepts Brexit proposals on consent.
 

GBP/USD daily chart

 
 
The Sterling, on the daily chart, is trading above the 200-day simple moving average (DSMA). GBP/USD leaps above 1.28 as DUP reportedly accepts Brexit proposals on consent.
 

 

GBP/USD four-hour chart

 
GBP/USD is extending the bull run above the 1.2800 handle while trading above its main SMAs. As bulls keep the pressure on the resistance can be seen at the 1.2900 and 1.3000 figure.    

GBP/USD 30-minute chart

 
 
The Sterling is trading above its main SMAs, suggesting bullish momentum in the near term. Support is seen at the 1.2800 and 1.2700 figure, according to the Technical Confluences Indicator.  
 
 

Additional key levels

 

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