“¢ A modest USD pull-back helps ease bearish pressure and bounce off lows. “¢ Carney’s says nothing notable on interest rates or change in the policy outlook. “¢ Traders now look forward to Powell’s speech for short-term opportunities. The GBP/USD pair reversed an early European session dip to fresh three-week lows and is currently placed at fresh session tops, around the 1.2880-85 region. A modest US Dollar profit-taking slide from the highest level since December was seen as one of the key triggers behind the pair’s initial leg of bounce from an intraday low level of 1.2834. Despite news of the deal to avert a fresh government shutdown and optimism over a possible US-China trade deal, the greenback struggled to gain traction and capitalize on the recent upsurge. The subsequent up-move lacked any obvious catalyst but followed the BoE Governor Mark Carney’s comments, saying nothing notable on interest rates or signalling a change in the monetary policy outlook. Hence, it would prudent to wait for a strong follow-through up-move to see if the uptick is backed by any genuine buying or is solely led by some short-covering move amid persistent Brexit uncertainties. Moving ahead, speeches by several FOMC officials, including the Fed Chair Jerome Powell, will now be looked upon for some impetus but key focus will remain on the Brexit parliamentary debate on Thursday, Feb. 14. Technical levels to watch GBP/USD Overview: Today Last Price: 1.2879 Today Daily change %: 0.13% Today Daily Open: 1.2862 Trends: Daily SMA20: 1.3001 Daily SMA50: 1.2815 Daily SMA100: 1.2888 Daily SMA200: 1.3021 Levels: Previous Daily High: 1.295 Previous Daily Low: 1.2844 Previous Weekly High: 1.3103 Previous Weekly Low: 1.2854 Previous Monthly High: 1.3214 Previous Monthly Low: 1.2438 Daily Fibonacci 38.2%: 1.2885 Daily Fibonacci 61.8%: 1.291 Daily Pivot Point S1: 1.2821 Daily Pivot Point S2: 1.278 Daily Pivot Point S3: 1.2715 Daily Pivot Point R1: 1.2927 Daily Pivot Point R2: 1.2992 Daily Pivot Point R3: 1.3033 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Deutsche Bank: Eurozone growth momentum is losing steam FX Street 3 years "¢ A modest USD pull-back helps ease bearish pressure and bounce off lows. "¢ Carney's says nothing notable on interest rates or change in the policy outlook. "¢ Traders now look forward to Powell's speech for short-term opportunities. The GBP/USD pair reversed an early European session dip to fresh three-week lows and is currently placed at fresh session tops, around the 1.2880-85 region. A modest US Dollar profit-taking slide from the highest level since December was seen as one of the key triggers behind the pair's initial leg of bounce from an intraday low… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.