“¢ The pair finally broke down of its Asian session consolidation phase and retreated further from the post-BoE swing high, closer to the key 1.30 psychological mark. “¢ Given the overnight rejection from 100-hour SMA, a subsequent slide below 50-hour SMA now points to some fresh selling interest amid persistent Brexit uncertainties. “¢ Technical indicators on the 1-hourly chart have started losing positive momentum and maintained their negative bias on the 4-hourly chart, reinforcing the bearish tilt. “¢ However, mixed oscillators on the daily chart haven’t been supportive of any firm near-term direction and warrant some caution before placing aggressive bearish bets. “¢ Hence, the pair is more likely to continue attracting some fresh buying near the lower end of a short-term descending trend-channel formation on hourly charts. GBP/USD 1-hourly chart GBP/USD Overview: Today Last Price: 1.2944 Today Daily change %: -0.04% 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 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 EUR/USD depressed by trade and the economies Yohay Elam 3 years "¢ The pair finally broke down of its Asian session consolidation phase and retreated further from the post-BoE swing high, closer to the key 1.30 psychological mark. "¢ Given the overnight rejection from 100-hour SMA, a subsequent slide below 50-hour SMA now points to some fresh selling interest amid persistent Brexit uncertainties. "¢ Technical indicators on the 1-hourly chart have started losing positive momentum and maintained their negative bias on the 4-hourly chart, reinforcing the bearish tilt. "¢ However, mixed oscillators on the daily chart haven't been supportive of any firm near-term… 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.
