13 Nov 2018
GBP/USD Technical Analysis: Cable rises above 1.3000 figure as Brexit backstop deal headlines boost the British Pound
- GBP/USD is trading in a bear trend above the 200-period simple moving average on the 4-hour chart.
- GBP/USD rose to 1.3000 on reports on a Brexit backstop deal.
- The big hurdle for Cable bulls to overcome is the 1.3000 figure. A break of the level would leave the currency pair exposed to the 1.3050 and 1.3150 levels.
GBP/USD 4-hour chart
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Key levels at a glance:
GBP/USD
Overview:
Last Price: 1.2996
Daily change: 1.4e+2 pips
Daily change: 1.11%
Daily Open: 1.2853
Trends:
Daily SMA20: 1.2963
Daily SMA50: 1.3032
Daily SMA100: 1.303
Daily SMA200: 1.3396
Levels:
Daily High: 1.2948
Daily Low: 1.2827
Weekly High: 1.3176
Weekly Low: 1.2958
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.2874
Daily Fibonacci 61.8%: 1.2902
Daily Pivot Point S1: 1.2804
Daily Pivot Point S2: 1.2755
Daily Pivot Point S3: 1.2683
Daily Pivot Point R1: 1.2925
Daily Pivot Point R2: 1.2997
Daily Pivot Point R3: 1.3046