Home GBP/USD Technical Analysis: Cable painfully advancing amid barrage of Brexit news
FXStreet News

GBP/USD Technical Analysis: Cable painfully advancing amid barrage of Brexit news

GBP/USD daily chart

  • GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).


GBP/USD 4-hour chart

  • GBP/USD is trading above its main SMAs suggesting a bullish momentum in the medium-term.  

GBP/USD 30-minute chart

  • GBP/USD is trading below the 1.3200 figure and its main SMAs suggesting bullish momentum in the short-term.
  • The level to beat for bulls is 1.3250 followed by 1.3300 the figure.
  • To the downside, support is at 1.3200 figure and 1.3150 level.

Additional key levels

 

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.