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28 Nov 2018

GBP/USD Technical Analysis: Intraday upsurge stalls near a support turned resistance

   •  The pair's goodish intraday upsurge stalled at a previous horizontal support, now turned resistance, around the 1.2800 handle, coinciding with 38.2% Fibo. level of the 1.2927-1.2725 downfall.

   •  This is followed by important intraday moving averages (100 & 200-hour SMA) confluence hurdle and should continue to collaborate towards keeping a lid on any follow-through positive momentum. 

   •  Meanwhile, technical indicators on the 1-hourly chart have already recovered from the bearish territory but are yet to catch up with the positive momentum on 4-hourly and daily charts. 

   •  Hence, it would be prudent to wait for a convincing break through the mentioned hurdles before confirming that the pair might have already formed a firm base near the 1.2725 region (monthly lows).
 

GBP/USD 1-hourly chart

GBP/USD

Overview:
    Today Last Price: 1.279
    Today Daily change: 56 pips
    Today Daily change %: 0.440%
    Today Daily Open: 1.2734
Trends:
    Previous Daily SMA20: 1.2906
    Previous Daily SMA50: 1.2992
    Previous Daily SMA100: 1.299
    Previous Daily SMA200: 1.3335
Levels:
    Previous Daily High: 1.2836
    Previous Daily Low: 1.2725
    Previous Weekly High: 1.2928
    Previous Weekly Low: 1.2764
    Previous Monthly High: 1.326
    Previous Monthly Low: 1.2696
    Previous Daily Fibonacci 38.2%: 1.2767
    Previous Daily Fibonacci 61.8%: 1.2793
    Previous Daily Pivot Point S1: 1.2694
    Previous Daily Pivot Point S2: 1.2654
    Previous Daily Pivot Point S3: 1.2584
    Previous Daily Pivot Point R1: 1.2805
    Previous Daily Pivot Point R2: 1.2875
    Previous Daily Pivot Point R3: 1.2915

 

Nov 28, 2018

EUR/USD directionless around 1.1280, focus on US GDP, Powell

The shared currency keeps struggling for direction in the middle of the week, taking EUR/USD to the 1.1280 region ahead of key events across the pond.
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Nov 28, 2018

ECB's de Guindos: Euro area economy is continuing to grow

Below are some key highlights from the speech delivered by Luis de Guindos, Vice-President of the ECB, at the joint EIB-ECB conference on investment,
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