GBP/USD is trading towards the upside, spurred on by a dovish Fed showing late on Wednesday, and bidders are looking to capitalize on continued Greenback weakness, marking in fresh intraday swingpoints as bulls try to mark in a new floor at the 1.2800 major technical level. GBP/USD, 5-Minute The Cable has been exposed to plenty of fundamental-based volatility recently, getting whipped and spiked on various Brexit headlines, and taking a ride on the collapsing Greenback yesterday. High volatility but a lack of general direction has left the GBP/USD pairing broadly directionless in the near-term, cycling around the 200-period moving average near 1.2800. GBP/USD, 30-Minute 4-Hour candles show the Cable may be in the middle of an upside breakout from a bullish flag, but stiff resistance from the 200-period moving average near 1.2925 could hamper progress to the upside if bidders are able to continue the US Dollar’s bearish stance. GBP/USD, 4-Hour GBP/USD Overview: Today Last Price: 1.284 Today Daily change: 14 pips Today Daily change %: 0.109% Today Daily Open: 1.2826 Trends: Previous Daily SMA20: 1.2909 Previous Daily SMA50: 1.2986 Previous Daily SMA100: 1.2986 Previous Daily SMA200: 1.3329 Levels: Previous Daily High: 1.2848 Previous Daily Low: 1.2728 Previous Weekly High: 1.2928 Previous Weekly Low: 1.2764 Previous Monthly High: 1.326 Previous Monthly Low: 1.2696 Previous Daily Fibonacci 38.2%: 1.2802 Previous Daily Fibonacci 61.8%: 1.2774 Previous Daily Pivot Point S1: 1.2753 Previous Daily Pivot Point S2: 1.2681 Previous Daily Pivot Point S3: 1.2634 Previous Daily Pivot Point R1: 1.2873 Previous Daily Pivot Point R2: 1.292 Previous Daily Pivot Point R3: 1.2992 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 USD/JPY flirting with session lows, 113.00 mark back on sight FX Street 4 years GBP/USD is trading towards the upside, spurred on by a dovish Fed showing late on Wednesday, and bidders are looking to capitalize on continued Greenback weakness, marking in fresh intraday swingpoints as bulls try to mark in a new floor at the 1.2800 major technical level. GBP/USD, 5-Minute The Cable has been exposed to plenty of fundamental-based volatility recently, getting whipped and spiked on various Brexit headlines, and taking a ride on the collapsing Greenback yesterday. High volatility but a lack of general direction has left the GBP/USD pairing broadly directionless in the near-term, cycling around the 200-period moving average… 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.
