“¢ The pair’s intraday retracement found decent support near 50-day/hour SMA, with bulls now eyeing a move towards reclaiming the 1.3100 handle amid renewed Brexit optimism. “¢ The fact that the pair has managed to find acceptance above important short-term moving averages – 50 & 100-day SMAs, support prospects for an extension of the positive momentum. “¢ However, technical indicators on the daily chart are yet to catch up with the ongoing bullish trajectory and might turn out to be the only factor keeping a lid on any follow-through. “¢ A convincing break through the mentioned handle should pave the way for further gains towards a descending trend-line, extending from highs set in June/Sept. and Oct. GBP/USD daily chart GBP/USD Overview: Last Price: 1.3074 Daily change: 34 pips Daily change: 0.261% Daily Open: 1.304 Trends: Daily SMA20: 1.3001 Daily SMA50: 1.3024 Daily SMA100: 1.304 Daily SMA200: 1.3424 Levels: Daily High: 1.3056 Daily Low: 1.2965 Weekly High: 1.3042 Weekly Low: 1.2696 Monthly High: 1.326 Monthly Low: 1.2696 Daily Fibonacci 38.2%: 1.3 Daily Fibonacci 61.8%: 1.3021 Daily Pivot Point S1: 1.2984 Daily Pivot Point S2: 1.2928 Daily Pivot Point S3: 1.2892 Daily Pivot Point R1: 1.3076 Daily Pivot Point R2: 1.3112 Daily Pivot Point R3: 1.3168 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 Markets: US elections and FOMC in the centre stage this week – Nordea Markets FX Street 4 years "¢ The pair's intraday retracement found decent support near 50-day/hour SMA, with bulls now eyeing a move towards reclaiming the 1.3100 handle amid renewed Brexit optimism. "¢ The fact that the pair has managed to find acceptance above important short-term moving averages - 50 & 100-day SMAs, support prospects for an extension of the positive momentum. "¢ However, technical indicators on the daily chart are yet to catch up with the ongoing bullish trajectory and might turn out to be the only factor keeping a lid on any follow-through. "¢ A… 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.
