“¢ The pair continued gaining strong positive traction on Wednesday and surged through the key 1.30 psychological mark to return back to its highs from mid-November.
“¢ The momentum lifted the pair beyond a four-month-old descending trend-line hurdle, confirming a near-term bullish breakout amid diminishing chances of a no-deal Brexit.
“¢ Technical indicators on the daily chart have been gaining positive momentum and support prospects for further appreciating move towards the very important 200-day SMA.
“¢ However, slightly overbought conditions on hourly charts warrant some caution and might turn out to be the only factor hindering the extension of the ongoing up-move.
GBP/USD daily chart
-636838415431243512.png)
GBP/USD
Overview:
Today Last Price: 1.3028
Today Daily change: 0.0076 pips
Today Daily change %: 0.59%
Today Daily Open: 1.2952
Trends:
Daily SMA20: 1.2785
Daily SMA50: 1.2751
Daily SMA100: 1.2892
Daily SMA200: 1.3079
Levels:
Previous Daily High: 1.2976
Previous Daily Low: 1.2855
Previous Weekly High: 1.3002
Previous Weekly Low: 1.2668
Previous Monthly High: 1.284
Previous Monthly Low: 1.2477
Daily Fibonacci 38.2%: 1.293
Daily Fibonacci 61.8%: 1.2901
Daily Pivot Point S1: 1.288
Daily Pivot Point S2: 1.2807
Daily Pivot Point S3: 1.2759
Daily Pivot Point R1: 1.3001
Daily Pivot Point R2: 1.3049
Daily Pivot Point R3: 1.3122
Share
