The GBP/USD is trading stiffly into the 1.2700 technical barrier heading into Wednesday’s London market session after seeing continuing Brexit declines, and the near-term pattern is lending itself to fast sell-offs followed by middling inaction. GBP/USD Forecast: Sterling trapped in a downward spiral near a 10-week low GBP/USD Forecast: Likely to defend YTD lows ahead of BoE’s Super Thursday GBP/USD, M15 Looking further out, the Cable remains underneath a rock-solid declining trendline with the 50- and 200-hour moving averages pinned firmly in a bearish trend. GBP/USD, H1 On the H4 candles, the effects of Brexit fears is a clear picture of risk-off in the Cable, and the GBP/USD is trapped in a easy-to-ride bearish pattern. GBP/USD, H4 Don’t forget to check out FXStreet’s own live chart to see instant GBP/USD updates! GBP/USD Overview: Last Price: 1.2714 Daily change: 7.0 pips Daily change: 0.0551% Daily Open: 1.2707 Trends: Daily SMA20: 1.302 Daily SMA50: 1.3018 Daily SMA100: 1.3054 Daily SMA200: 1.3447 Levels: Daily High: 1.2814 Daily Low: 1.2696 Weekly High: 1.3092 Weekly Low: 1.2777 Monthly High: 1.33 Monthly Low: 1.2786 Daily Fibonacci 38.2%: 1.2741 Daily Fibonacci 61.8%: 1.2769 Daily Pivot Point S1: 1.2664 Daily Pivot Point S2: 1.2621 Daily Pivot Point S3: 1.2546 Daily Pivot Point R1: 1.2781 Daily Pivot Point R2: 1.2856 Daily Pivot Point R3: 1.2899 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 USD/JPY consolidates near 3-week tops, comfortably above 113.00 mark FX Street 4 years The GBP/USD is trading stiffly into the 1.2700 technical barrier heading into Wednesday's London market session after seeing continuing Brexit declines, and the near-term pattern is lending itself to fast sell-offs followed by middling inaction. GBP/USD Forecast: Sterling trapped in a downward spiral near a 10-week low GBP/USD Forecast: Likely to defend YTD lows ahead of BoE's Super Thursday GBP/USD, M15 Looking further out, the Cable remains underneath a rock-solid declining trendline with the 50- and 200-hour moving averages pinned firmly in a bearish trend. GBP/USD, H1 On the H4 candles, the effects of Brexit fears is a clear picture… 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.
