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  • GBP/USD struggles to hold recent strength as it trades near 1.3220 ahead of London open on Tuesday.
  • The pair rose to 1.3290 during early-day increase after Brexit optimists welcomed the meeting between the UK PM Theresa May and the EU Commission Chief Jean-Claude Juncker.
  • However, prices failed to remain strong and are witnessing pullback at press time.
  • Should there be a dip beneath 1.3180, sellers may aim for 1.3105/1.3100 horizontal-region comprising important reversal points since early February.
  • Given the pair’s sustained downturn under 1.3100, 1.3030 can act as intermediate halt ahead of highlighting ten-week-old support-line, at 1.2970.
  • Alternatively, successful trading beyond 1.3300 could escalate recent recovery towards February month high near 1.3350.
  • During the pair’s extended rise past-1.3350, 61.8% Fibonacci expansion (FE) of its latest moves, at 1.3530, seems next big resistance for the pair traders to watch. Though, 1.3380, 1.3410 and 1.3460 may meanwhile entertain short-term traders.

GBP/USD 4-Hour chart

 

Addiitonal important levels:

Overview:
       Today Last Price:  1.3252
       Today Daily change:  100  pips
       Today Daily change %:  0.76%
       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