GBP/USD Technical Analysis: Cable above 1.3200 ahead of UK PM May’s speech

GBP/USD daily chart

GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).
UK PM May to address the nation at 20:15 GMT.

GBP/USD 4-hour chart

GBP/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.

GBP/USD 30-minute chart

GBP/USD is trading below is trading between the 50 and 100 SMAs suggesting a consolidation phase in the short-term.
To the downside 1.3200 can still be tested. Lower 1.3150 comes into play.
To the upside, resistance is at 1.3300 figure and 1.3340 level.

Additional key levels

Mar 20, 2019

Gold through key upside resistance on dovish Fed, despite neutral Powell on U.S. economic outlook

Gold prices has been creeping higher this week, moving up from the lows of $1,292oz but struggling much through $1,310.91oz as the dollar firmed from

Devamını oku Previous

Mar 20, 2019

Jerome Powell speech: Fed does not at all have plan to lengthen balance sheet maturity

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is now responding to questions from the press, with key quotes, via Reut

Devamını oku Next