Hopes of changes to Irish border backstop and Brexit delay keeps the GBP underpinned. UK construction PMI contracts for the first time in eleven months. USD comeback amid renewed risk-aversion wave to cap the upside? The GBP/USD pair broke its Asian consolidative phase to the upside and regained the 1.3250 barrier briefly to hit daily tops at 1.3255, as the GBP bulls remained boosted by the growing expectations of a delayed Brexit while the latest comments by the UK and Irish ministers to change the Irish border backstop also added to buoyant tone around the Cable. Amidst Brexit optimism, markets are seen weighing in the disappointing UK construction sector activity report that showed the PMI slipping to 49.5 fothe r first time in eleven months in February. Meanwhile, the bulls also appear to lack follow-through amid a solid comeback staged by the US dollar across its main competitors after a risk-off wave gripped the European markets on NY Times report that Huawei is preparing to sue the US government. Looking ahead, the spot will remain at the mercy of the Brexit headlines and USD dynamics amid a lack of significant macro news from the US docket later on Monday. GBP/USD Technical levels to watch Overview: Today Last Price: 1.3243 Today Daily change: 40 pips Today Daily change %: 0.30% Today Daily Open: 1.3203 Trends: Daily SMA20: 1.3019 Daily SMA50: 1.2927 Daily SMA100: 1.2882 Daily SMA200: 1.2991 Levels: Previous Daily High: 1.3287 Previous Daily Low: 1.3171 Previous Weekly High: 1.3351 Previous Weekly Low: 1.3051 Previous Monthly High: 1.3351 Previous Monthly Low: 1.2773 Daily Fibonacci 38.2%: 1.3215 Daily Fibonacci 61.8%: 1.3242 Daily Pivot Point S1: 1.3154 Daily Pivot Point S2: 1.3105 Daily Pivot Point S3: 1.3038 Daily Pivot Point R1: 1.3269 Daily Pivot Point R2: 1.3336 Daily Pivot Point R3: 1.3385 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 Gold Technical Analysis: Oversold conditions warrant some consolidation before the next leg of a downfall to $1275 level FX Street 4 years Hopes of changes to Irish border backstop and Brexit delay keeps the GBP underpinned. UK construction PMI contracts for the first time in eleven months. USD comeback amid renewed risk-aversion wave to cap the upside? The GBP/USD pair broke its Asian consolidative phase to the upside and regained the 1.3250 barrier briefly to hit daily tops at 1.3255, as the GBP bulls remained boosted by the growing expectations of a delayed Brexit while the latest comments by the UK and Irish ministers to change the Irish border backstop also added to buoyant tone around the Cable. Amidst Brexit optimism, markets… 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.
