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GBP/USD Technical Analysis: Looking for further upside from 1.2800

  • The last twenty-four hours sees the GBP/USD constrained near the peak of Friday’s attempt at a bullish recovery, picking back up from a low of 1.2777, and the pair’s current ceiling sees the Cable constrained just north of the 1.2800 handle.
  • GBP/USD Weekly Forecast: Song remains the same as the MPC is dazed and confused with Brexit uncertainties

GBP/USD, M5

  • The previous week saw the Sterling take several steps lower against the US Dollar as Brexit headlines continue to derail investor sentiment in the Pound, and the major pair has yet to establish a successful bullish recovery.

GBP/USD, M30

  • The past month  has seen the GBP/USD tumble from a near-term peak of 1.3260, and the Cable finds itself at new seven-week lows as buyers struggle to keep the wheels on the Cable.

GBP/USD, H4

  • Don’t forget to check out FXStreet’s Livechart to see live updates  on what’s happening with the GBP/USD today!

GBP/USD

Overview:
       Last Price:  1.2836
       Daily change:  9.0  pips
       Daily change:  0.0702%
       Daily Open:  1.2827
Trends:
       Daily SMA20:  1.3046
       Daily SMA50:  1.3022
       Daily SMA100:  1.3066
       Daily SMA200:  1.3458
Levels:
       Daily High:  1.2842
       Daily Low:  1.2777
       Weekly High:  1.3092
       Weekly Low:  1.2777
       Monthly High:  1.33
       Monthly Low:  1.2786
       Daily Fibonacci 38.2%:  1.2818
       Daily Fibonacci 61.8%:  1.2802
       Daily Pivot Point S1:  1.2788
       Daily Pivot Point S2:  1.275
       Daily Pivot Point S3:  1.2723
       Daily Pivot Point R1:  1.2854
       Daily Pivot Point R2:  1.2881
       Daily Pivot Point R3:  1.2919

 

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