GBP Crosses At A Glance

We take a look at the daily charts of GBP/USD, EUR/GBP and GBP/JPY ahead of today’s parliamentary vote on Brexit.

GBP/USD Daily

  • A bearish pinbar closed beneath the 100-day average.
  • The pinbar respected a range between the 1.2815-1.2928 highs.
  • A break below support puts it back in line with its longer-term bearish trend. A break above resistance opens up a run for the 1.3175 high.

GBPUSD Daily Chart

EUR/GBP Daily

  • There have been multiple, failed attempts to re-test the August high, suggesting a top is playing out.
  • Yesterday’s low found support at the 200-day average.
  • A Rikshaw man Doji marks a clear range between 0.8875-0.8953, a break of which could mark its next directional move over the near-term.

EURGBP Daily Chart

GBP/JPY Daily

  • The 140 handle could prove pivotal around the parliamentary Brexit vote.
  • An intraday break above a bearish trendline occurred ahead of this key vote.
  • Failure to conquer 140 risks further downside (and a bearish hammer). Whereas a break above 140.88 warns of a change in trend.

GBPJPY Daily Chart

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