Search ForexCrunch

   “¢   The pair faced rejection near the 1.3300 handle at the start of a new trading week and tumbled to fresh session lows, below mid-1.3200s in the last hour.

   “¢   The pair’s inability to capitalize on Friday’s goodish up-move and a subsequent sharp retracement slide clearly point to persistent selling bias at higher levels.

   “¢   An intraday dip below 50-hour SMA might be seen as a key trigger for bearish traders amid a flurry of incoming negative Brexit-related headlines.

   “¢   Technical indicators on the 1-hourly chart have been gaining negative momentum and support prospects for a further slide towards challenging 100-hour SMA.

   “¢   However, oscillators on 4-hourly/daily charts are still holding in the bullish territory, though have started losing traction, and thus, warrant some caution.  

GBP/USD 1-hourly chart


       Today Last Price:  1.3251
       Today Daily change:  -43  pips
       Today Daily change %:  -0.32%
       Today Daily Open:  1.3294
       Daily SMA20:  1.3149
       Daily SMA50:  1.3024
       Daily SMA100:  1.2899
       Daily SMA200:  1.2982
       Previous Daily High:  1.3302
       Previous Daily Low:  1.3203
       Previous Weekly High:  1.3384
       Previous Weekly Low:  1.296
       Previous Monthly High:  1.3351
       Previous Monthly Low:  1.2773
       Daily Fibonacci 38.2%:  1.3264
       Daily Fibonacci 61.8%:  1.3241
       Daily Pivot Point S1:  1.3231
       Daily Pivot Point S2:  1.3168
       Daily Pivot Point S3:  1.3133
       Daily Pivot Point R1:  1.333
       Daily Pivot Point R2:  1.3365
       Daily Pivot Point R3:  1.3428