Intraday action on GBP/USD remains underpinned by soft support from the 1.2600-12615 zone, and swings higher continue to fail to develop meaningful momentum as the Sterling continues to be cowed by Brexit headlines.
GBP/USD, 5-Minute
The past two weeks have seen the Cable break near-term consolidation to mark in a new 20-month low at 1.2477, and the bullish recovery saw stiff new resistance priced in at the previous support level of 1.2670.
GBP/USD, 30-Minute
The past two months sees the GBP/USD pairing stuck in a bearish cycle, accelerating out of the regular selling zone, and the bullish bounceback has seen the Cable return to a nominally bearish cycle as bidders get pushed back into the overarching bear-trend.
GBP/USD, 4-Hour
Overview:
Today Last Price: 1.2628
Today Daily change: -37 pips
Today Daily change %: -0.292%
Today Daily Open: 1.2665
Trends:
Previous Daily SMA20: 1.2746
Previous Daily SMA50: 1.29
Previous Daily SMA100: 1.2937
Previous Daily SMA200: 1.3263
Levels:
Previous Daily High: 1.2688
Previous Daily Low: 1.2593
Previous Weekly High: 1.284
Previous Weekly Low: 1.2659
Previous Monthly High: 1.3176
Previous Monthly Low: 1.2723
Previous Daily Fibonacci 38.2%: 1.2629
Previous Daily Fibonacci 61.8%: 1.2651
Previous Daily Pivot Point S1: 1.2609
Previous Daily Pivot Point S2: 1.2554
Previous Daily Pivot Point S3: 1.2515
Previous Daily Pivot Point R1: 1.2704
Previous Daily Pivot Point R2: 1.2743
Previous Daily Pivot Point R3: 1.2798
Sources: https://Money.net & https://www.fxstreet.com/news/gbp-usd-t ... 1812140637
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