GBP/USD Technical Analysis: Intraday rebound stalls near 100-hour EMA post-UK PMI

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   •  The pair reversed an early dip back closer to YTD lows and spiked back above the 1.2700 handle, albeit faltered ahead of an important confluence resistance post-UK services PMI.

   •  The mentioned hurdle, comprising of 100-hour EMA and 50% Fibonacci retracement level of the overnight slump, remains a key pivotal point for intraday bullish traders. 

   •  Technical indicators on the 1-hourly chart have just started recovering from negative territory but maintained their bearish bias on 4-hourly/daily charts, indicating more downside.

   •  Hence, it would be prudent to wait for a convincing breakthrough the mentioned barrier before positioning for any meaningful intraday up-move amid persistent Brexit uncertainties.
 

GBP/USD 1-hourly chart


	GBP/USD Technical Analysis: Intraday rebound stalls near 100-hour EMA post-UK PMI

GBP/USD

Overview:
    Today Last Price: 1.2736
    Today Daily change: 25 pips
    Today Daily change %: 0.197%
    Today Daily Open: 1.2711
Trends:
    Previous Daily SMA20: 1.2852
    Previous Daily SMA50: 1.2952
    Previous Daily SMA100: 1.2968
    Previous Daily SMA200: 1.3304
Levels:
    Previous Daily High: 1.284
    Previous Daily Low: 1.2659
    Previous Weekly High: 1.2864
    Previous Weekly Low: 1.2725
    Previous Monthly High: 1.3176
    Previous Monthly Low: 1.2723
    Previous Daily Fibonacci 38.2%: 1.2728
    Previous Daily Fibonacci 61.8%: 1.2771
    Previous Daily Pivot Point S1: 1.2633
    Previous Daily Pivot Point S2: 1.2555
    Previous Daily Pivot Point S3: 1.2452
    Previous Daily Pivot Point R1: 1.2815
    Previous Daily Pivot Point R2: 1.2918
    Previous Daily Pivot Point R3: 1.2996

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