“¢ The pair witnessed a modest intraday pull-back from 1-1/2 week tops, with bears now eyeing a follow-through weakness below 1.3200 handle or 23.6% Fibo. level of the upsurge over the past 24-hours. “¢ Highly oversold conditions on the 1-hourly chart turned out to be one of the key factors prompting some profit-taking ahead of the highly anticipated UK parliament vote on the PM May’s Brexit deal. “¢ Today’s UK macro releases – monthly GDP growth figures and manufacturing/industrial production data, seems unlikely to be a game changer but might still produce some short-term trading opportunities. “¢ Meanwhile, any subsequent decline is likely to find decent support near the 1.3160 confluence region – comprising of 200-hour SMA and 38.2% Fibo. level, and should help limit deeper losses. “¢ On the flip side, the 1.3245-50 region, followed by the 1.3285-90 zone now seems to act as an immediate hurdle, which if cleared might extend the momentum towards multi-month tops, around mid-1.3300s. GBP/USD 1-hourly chart GBP/USD Overview: Today Last Price: 1.3204 Today Daily change: 52 pips Today Daily change %: 0.40% Today Daily Open: 1.3152 Trends: Daily SMA20: 1.3073 Daily SMA50: 1.298 Daily SMA100: 1.2884 Daily SMA200: 1.2986 Levels: Previous Daily High: 1.3171 Previous Daily Low: 1.296 Previous Weekly High: 1.3269 Previous Weekly Low: 1.299 Previous Monthly High: 1.3351 Previous Monthly Low: 1.2773 Daily Fibonacci 38.2%: 1.309 Daily Fibonacci 61.8%: 1.3041 Daily Pivot Point S1: 1.3018 Daily Pivot Point S2: 1.2884 Daily Pivot Point S3: 1.2807 Daily Pivot Point R1: 1.3229 Daily Pivot Point R2: 1.3305 Daily Pivot Point R3: 1.344 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 UK: Brexit watered down? – ING FX Street 4 years "¢ The pair witnessed a modest intraday pull-back from 1-1/2 week tops, with bears now eyeing a follow-through weakness below 1.3200 handle or 23.6% Fibo. level of the upsurge over the past 24-hours. "¢ Highly oversold conditions on the 1-hourly chart turned out to be one of the key factors prompting some profit-taking ahead of the highly anticipated UK parliament vote on the PM May's Brexit deal. "¢ Today's UK macro releases - monthly GDP growth figures and manufacturing/industrial production data, seems unlikely to be a game changer but might still produce some short-term… 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.
