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  • 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