“¢ The British Pound surged across the board amid the latest Brexit optimism, helping the pair to finally break through a two-week-old descending trend-line resistance. “¢ A strong momentum beyond 200-hour SMA adds credence to the bullish breakout, though overbought conditions on the 1-hourly chart hindered any further up-move. “¢ Disappointing UK manufacturing PMI gave traders another reason to take some profits off the table ahead of the latest BoE monetary policy update. “¢ Technical set-up, however, favors an extension of the positive momentum and hence, any meaningful dips are likely to be bought into near the 1.2830 region. GBP/USD 1-hourly chart GBP/USD Overview: Last Price: 1.2886 Daily change: 1.2e+2 pips Daily change: 0.940% Daily Open: 1.2766 Trends: Daily SMA20: 1.3012 Daily SMA50: 1.3015 Daily SMA100: 1.3048 Daily SMA200: 1.3441 Levels: Daily High: 1.2832 Daily Low: 1.2699 Weekly High: 1.3092 Weekly Low: 1.2777 Monthly High: 1.326 Monthly Low: 1.2696 Daily Fibonacci 38.2%: 1.2781 Daily Fibonacci 61.8%: 1.275 Daily Pivot Point S1: 1.2699 Daily Pivot Point S2: 1.2632 Daily Pivot Point S3: 1.2565 Daily Pivot Point R1: 1.2832 Daily Pivot Point R2: 1.2899 Daily Pivot Point R3: 1.2966 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 BrexitMin: Negotiations are ongoing and nothing agreed until everything agreed FX Street 4 years "¢ The British Pound surged across the board amid the latest Brexit optimism, helping the pair to finally break through a two-week-old descending trend-line resistance. "¢ A strong momentum beyond 200-hour SMA adds credence to the bullish breakout, though overbought conditions on the 1-hourly chart hindered any further up-move. "¢ Disappointing UK manufacturing PMI gave traders another reason to take some profits off the table ahead of the latest BoE monetary policy update. "¢ Technical set-up, however, favors an extension of the positive momentum and hence, any meaningful dips are likely… 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.
