“¢ The pair’s goodish intraday upsurge stalled at a previous horizontal support, now turned resistance, around the 1.2800 handle, coinciding with 38.2% Fibo. level of the 1.2927-1.2725 downfall. “¢ This is followed by important intraday moving averages (100 & 200-hour SMA) confluence hurdle and should continue to collaborate towards keeping a lid on any follow-through positive momentum. “¢ Meanwhile, technical indicators on the 1-hourly chart have already recovered from the bearish territory but are yet to catch up with the positive momentum on 4-hourly and daily charts. “¢ Hence, it would be prudent to wait for a convincing break through the mentioned hurdles before confirming that the pair might have already formed a firm base near the 1.2725 region (monthly lows). GBP/USD 1-hourly chart GBP/USD Overview: Today Last Price: 1.279 Today Daily change: 56 pips Today Daily change %: 0.440% Today Daily Open: 1.2734 Trends: Previous Daily SMA20: 1.2906 Previous Daily SMA50: 1.2992 Previous Daily SMA100: 1.299 Previous Daily SMA200: 1.3335 Levels: Previous Daily High: 1.2836 Previous Daily Low: 1.2725 Previous Weekly High: 1.2928 Previous Weekly Low: 1.2764 Previous Monthly High: 1.326 Previous Monthly Low: 1.2696 Previous Daily Fibonacci 38.2%: 1.2767 Previous Daily Fibonacci 61.8%: 1.2793 Previous Daily Pivot Point S1: 1.2694 Previous Daily Pivot Point S2: 1.2654 Previous Daily Pivot Point S3: 1.2584 Previous Daily Pivot Point R1: 1.2805 Previous Daily Pivot Point R2: 1.2875 Previous Daily Pivot Point R3: 1.2915 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 Breaking News: Bitcoin stages meaningful recovery, 10% up FX Street 4 years "¢ The pair's goodish intraday upsurge stalled at a previous horizontal support, now turned resistance, around the 1.2800 handle, coinciding with 38.2% Fibo. level of the 1.2927-1.2725 downfall. "¢ This is followed by important intraday moving averages (100 & 200-hour SMA) confluence hurdle and should continue to collaborate towards keeping a lid on any follow-through positive momentum. "¢ Meanwhile, technical indicators on the 1-hourly chart have already recovered from the bearish territory but are yet to catch up with the positive momentum on 4-hourly and daily charts. "¢ Hence, it… 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.
