“¢ The pair extended its strong bullish momentum and surged to an intraday high level of 1.3338 – the highest since July 2018 during the mid-European session on Wednesday. “¢ The overnight break through a confluence region – comprising of 38.2% Fibo. level of the 1.4377-1.2396 downfall and a descending trend-line was seen as a key trigger for bulls. “¢ Meanwhile, technical indicators on hourly/daily charts are now pointing to highly overbought conditions and might act as the only factor capping any follow-through up-move. “¢ Hence, any subsequent move seems more likely to witness some profit-taking near 50% Fibo. level, around the 1.3385 region, given an upsurge of over 350-pips since Friday. GBP/USD daily chart GBP/USD Overview: Today Last Price: 1.332 Today Daily change: 64 pips Today Daily change %: 0.48% Today Daily Open: 1.3256 Trends: Daily SMA20: 1.2995 Daily SMA50: 1.289 Daily SMA100: 1.288 Daily SMA200: 1.2992 Levels: Previous Daily High: 1.3288 Previous Daily Low: 1.3094 Previous Weekly High: 1.3109 Previous Weekly Low: 1.2891 Previous Monthly High: 1.3214 Previous Monthly Low: 1.2438 Daily Fibonacci 38.2%: 1.3214 Daily Fibonacci 61.8%: 1.3168 Daily Pivot Point S1: 1.3137 Daily Pivot Point S2: 1.3018 Daily Pivot Point S3: 1.2942 Daily Pivot Point R1: 1.3331 Daily Pivot Point R2: 1.3407 Daily Pivot Point R3: 1.3526 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 BofAML: Short squeeze in USD/JPY FX Street 4 years "¢ The pair extended its strong bullish momentum and surged to an intraday high level of 1.3338 - the highest since July 2018 during the mid-European session on Wednesday. "¢ The overnight break through a confluence region - comprising of 38.2% Fibo. level of the 1.4377-1.2396 downfall and a descending trend-line was seen as a key trigger for bulls. "¢ Meanwhile, technical indicators on hourly/daily charts are now pointing to highly overbought conditions and might act as the only factor capping any follow-through up-move. "¢ Hence, any subsequent move seems more… 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.
