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  •  The Cable is pushing along the high side of a rising channel as the GBP gets bolstered across broader markets by hopes for a workable Brexit solution to be potentially offered this week, driving the GBP/USD above 1.31.
  • The GBP index is currently sitting just shy of 72.50, a five-month high for the Sterling against the broader G10 on a relative basis, compared to 2018’s low of 69.49 in mid-August, and the index is leaning firmly towards more gains.
  • With the intraday chart clattering into the top of a rising trendline, a mild pullback could be expected before bulls step in again and resume lifting.  

GBP/USD Chart, 15-Minute



       Last Price:  1.3107
       Daily change:  -12  pips
       Daily change:  -0.0915%
       Daily Open:  1.3119
       Daily SMA20:  1.3088
       Daily SMA50:  1.2973
       Daily SMA100:  1.3111
       Daily SMA200:  1.3499
       Daily High:  1.3123
       Daily Low:  1.3003
       Weekly High:  1.3123
       Weekly Low:  1.2922
       Monthly High:  1.33
       Monthly Low:  1.2897
       Daily Fibonacci 38.2%:  1.3077
       Daily Fibonacci 61.8%:  1.3049
       Daily Pivot Point S1:  1.304
       Daily Pivot Point S2:  1.2962
       Daily Pivot Point S3:  1.292
       Daily Pivot Point R1:  1.316
       Daily Pivot Point R2:  1.3202
       Daily Pivot Point R3:  1.328