The Cable is facing continued downside pressure as the Sterling continues to slip from near-term highs. GBP/USD Forecast: Attempts to defend 50/100-DMA confluence support ahead of UK macro data GBP/USD M5 Hourly candles see the GBP/USD geared for a test of the 200-hour moving average from 1.2970, with intraday resistance from the 50-hour moving average at 1.3090, constraining the Cable’s ability to make a run in either direction for Friday. GBP/USD H1 Looking further out, the Cable has gone cyclical, whipping between highs and lows in a zone between 1.3300 and 1.2690. GBP/USD H4 GBP/USD Overview: Last Price: 1.3042 Daily change: -19 pips Daily change: -0.145% Daily Open: 1.3061 Trends: Daily SMA20: 1.2987 Daily SMA50: 1.3032 Daily SMA100: 1.3037 Daily SMA200: 1.3409 Levels: Daily High: 1.3152 Daily Low: 1.3045 Weekly High: 1.3042 Weekly Low: 1.2696 Monthly High: 1.326 Monthly Low: 1.2696 Daily Fibonacci 38.2%: 1.3086 Daily Fibonacci 61.8%: 1.3111 Daily Pivot Point S1: 1.302 Daily Pivot Point S2: 1.2979 Daily Pivot Point S3: 1.2914 Daily Pivot Point R1: 1.3127 Daily Pivot Point R2: 1.3192 Daily Pivot Point R3: 1.3233 GBP/USD Overview: Last Price: 1.3044 Daily change: -17 pips Daily change: -0.130% Daily Open: 1.3061 Trends: Daily SMA20: 1.2987 Daily SMA50: 1.3032 Daily SMA100: 1.3037 Daily SMA200: 1.3409 Levels: Daily High: 1.3152 Daily Low: 1.3045 Weekly High: 1.3042 Weekly Low: 1.2696 Monthly High: 1.326 Monthly Low: 1.2696 Daily Fibonacci 38.2%: 1.3086 Daily Fibonacci 61.8%: 1.3111 Daily Pivot Point S1: 1.302 Daily Pivot Point S2: 1.2979 Daily Pivot Point S3: 1.2914 Daily Pivot Point R1: 1.3127 Daily Pivot Point R2: 1.3192 Daily Pivot Point R3: 1.3233 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 The tussle and battle: Gemini’s Winklevoss Bitcoin (BTC) battle continues FX Street 4 years The Cable is facing continued downside pressure as the Sterling continues to slip from near-term highs. GBP/USD Forecast: Attempts to defend 50/100-DMA confluence support ahead of UK macro data GBP/USD M5 Hourly candles see the GBP/USD geared for a test of the 200-hour moving average from 1.2970, with intraday resistance from the 50-hour moving average at 1.3090, constraining the Cable's ability to make a run in either direction for Friday. GBP/USD H1 Looking further out, the Cable has gone cyclical, whipping between highs and lows in a zone between 1.3300 and 1.2690. GBP/USD H4 GBP/USD Overview: Last… 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.
