“¢ The pair stalled its sharp intraday downfall near the very important 200-day SMA and staged a remarkable recovery of around 130-140 pips from the key 1.30 psychological mark. “¢ The pair’s resilience near the mentioned support clearly points to traders reluctant to place any aggressive bets ahead of the crucial vote on May’s amended withdrawal agreement. “¢ The mentioned support coincides with a short-term ascending trend-line – extending from early-Jan./mid-Feb. swing lows, and should continue to act as a tough nut to crack for bears. “¢ Hence, it would be prudent to wait for a convincing break through the mentioned support before traders start positioning aggressively for a further near-term depreciating move. “¢ A sustained weakness below the said handle is likely to accelerate the fall further towards the 1.2900 round figure mark before the pair eventually slides further towards the 1.2800 handle. “¢ Meanwhile, technical indicators on 4-hourly/daily charts maintained their bullish bias, through bulls are likely to wait for a convincing break through the 1.3285-90 horizontal resistance. GBP/USD daily chart GBP/USD Overview: Today Last Price: 1.3146 Today Daily change: -6 pips Today Daily change %: -0.05% Today Daily Open: 1.3152 Trends: Daily SMA20: 1.3073 Daily SMA50: 1.298 Daily SMA100: 1.2884 Daily SMA200: 1.2986 Levels: Previous Daily High: 1.3171 Previous Daily Low: 1.296 Previous Weekly High: 1.3269 Previous Weekly Low: 1.299 Previous Monthly High: 1.3351 Previous Monthly Low: 1.2773 Daily Fibonacci 38.2%: 1.309 Daily Fibonacci 61.8%: 1.3041 Daily Pivot Point S1: 1.3018 Daily Pivot Point S2: 1.2884 Daily Pivot Point S3: 1.2807 Daily Pivot Point R1: 1.3229 Daily Pivot Point R2: 1.3305 Daily Pivot Point R3: 1.344 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 UK PM May: If deal is rejected then Brexit could be lost FX Street 4 years "¢ The pair stalled its sharp intraday downfall near the very important 200-day SMA and staged a remarkable recovery of around 130-140 pips from the key 1.30 psychological mark. "¢ The pair's resilience near the mentioned support clearly points to traders reluctant to place any aggressive bets ahead of the crucial vote on May's amended withdrawal agreement. "¢ The mentioned support coincides with a short-term ascending trend-line - extending from early-Jan./mid-Feb. swing lows, and should continue to act as a tough nut to crack for bears. "¢ Hence, it would be… 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.
