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STERLING_PIPS

GBP/USD: Recovery underway towards 50-day SMA as no-deal Brexit

British Pound / U.S. Dollar (FX:GBPUSD)  
STERLING_PIPS  
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Trend Analysis Wave Analysis
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chartpattern trendanalysis waveanalysis
Sustained trading above 200-day SMA enables the quote to aim for 1.3095–1.3100 area comprising 50-day SMA, a break of which can further escalate the recovery towards four-week-old trend-line at 1.3180 now.

Given the pair’s dip under 200-day SMA level of 1.2975, 1.2930 including 100-day SMA may gain sellers’ attention whereas 1.2900 may lure them afterward.
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