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GBP/USD Technical Analysis: Bolstered at 1.3130 on Brexit hopes

  • The GBP/USD’s intraday action over the last twenty-four hours has seen the pair clip into a new near-term high near 1.3175, but the pair has faded back heading into Thursday’s main trading sessions, digging in just north of the 1.3100 handle.
  • GBP/USD analysis: Brexit optimism overshadows it all

GBP/USD M5

  • Over the past week, the Cable has lifted firmly on rising hopes for a successful Brexit negotiation, with yet another key self-imposed deadline of this Friday expected to reveal any kind of last-minute deal in proceedings, and the GBP has been bolstered by hopes for a last-minute deal, and the Cable has been rising in a healthy uptrend, lifting from the 200-period moving average.

GBP/USD M15

  • The Cable has pushed into a bullish reversal, crossing the 200-hour moving average and keeping bid  above the 50-hour moving average near the 1.3100 handle.

GBP/USD H1

GBP/USD

Overview:
       Last Price:  1.3134
       Daily change:  -3.0  pips
       Daily change:  -0.0228%
       Daily Open:  1.3137
Trends:
       Daily SMA20:  1.2996
       Daily SMA50:  1.3031
       Daily SMA100:  1.3039
       Daily SMA200:  1.3414
Levels:
       Daily High:  1.3176
       Daily Low:  1.3074
       Weekly High:  1.3042
       Weekly Low:  1.2696
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.3137
       Daily Fibonacci 61.8%:  1.3112
       Daily Pivot Point S1:  1.3082
       Daily Pivot Point S2:  1.3027
       Daily Pivot Point S3:  1.298
       Daily Pivot Point R1:  1.3184
       Daily Pivot Point R2:  1.3231
       Daily Pivot Point R3:  1.3286

 

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