- 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
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