Home GBP/USD Technical Analysis: Reclaiming the 1.3000 handle, but key Fibo levels remain
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GBP/USD Technical Analysis: Reclaiming the 1.3000 handle, but key Fibo levels remain

  • The GBP/USD remains pinned to the 1.3000 handle after Thursday’s 250-someodd  pip rise on refreshed Brexit hopes, and the pair remains pushed into near-term highs.

GBP/USD M5

Hourly candles show the Cable has blown right past the 200-hour moving average at 1.2860, and the 50-hour moving average has inverted the pair’s near-term bias, setting in a potential floor at the 1.2900 handle.

GBP/USD H1

  • The past three weeks have seen the Cable steeply off of early October’s highs, and yesterday’s trendline break sees the GBP/USD making a clean challenge of the 61.8% Fibo level neat 1.3030, and buyers could see challenges heading into Friday’s action.

GBP/USD H4

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GBP/USD

Overview:
       Last Price:  1.3006
       Daily change:  1.0  pips
       Daily change:  0.00769%
       Daily Open:  1.3005
Trends:
       Daily SMA20:  1.3011
       Daily SMA50:  1.3019
       Daily SMA100:  1.3045
       Daily SMA200:  1.3436
Levels:
       Daily High:  1.3036
       Daily Low:  1.2762
       Weekly High:  1.3092
       Weekly Low:  1.2777
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.2932
       Daily Fibonacci 61.8%:  1.2867
       Daily Pivot Point S1:  1.2833
       Daily Pivot Point S2:  1.266
       Daily Pivot Point S3:  1.2558
       Daily Pivot Point R1:  1.3107
       Daily Pivot Point R2:  1.3209
       Daily Pivot Point R3:  1.3382

 

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