“¢ 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
-636852107231376593.png)
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
Share
