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   “¢   The pair held on to its positive tone through the early North-American session, albeit continued with its struggle to build on the momentum further beyond 100-hour SMA.

   “¢   Meanwhile, mixed technical indicators on hourly/daily charts haven’t been supportive of any firm direction and hence, any subsequent up-move is more likely to remain capped.

   “¢   The top end of a short-term descending trend-channel, currently near the key 1.30 psychological mark, should keep a lid any subsequent up-move beyond the mentioned hurdle.

GBP/USD 1-hourly chart

GBP/USD

Overview:
       Today Last Price:  1.296
       Today Daily change %:  0.08%
       Today Daily Open:  1.2949
Trends:
       Daily SMA20:  1.2997
       Daily SMA50:  1.2808
       Daily SMA100:  1.2892
       Daily SMA200:  1.3027
Levels:
       Previous Daily High:  1.2997
       Previous Daily Low:  1.2854
       Previous Weekly High:  1.3212
       Previous Weekly Low:  1.3043
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.2942
       Daily Fibonacci 61.8%:  1.2908
       Daily Pivot Point S1:  1.287
       Daily Pivot Point S2:  1.2791
       Daily Pivot Point S3:  1.2727
       Daily Pivot Point R1:  1.3012
       Daily Pivot Point R2:  1.3076
       Daily Pivot Point R3:  1.3155