British Pound Sterling Price: GBP/USD lost its traction and dropped to its lowest level in a week

Yohay Elam FXStreet

GBP/USD trades below 1.3000 as investors try to predict BoE's next move

After closing the first day of the week virtually unchanged near 1.3060, the GBP/USD lost its traction and dropped to its lowest level in a week at 1.2975. As of writing, the pair was down 0.48% on a daily basis at 1.2990.

Brexit moves the pound and the euro in different ways

There is a remarkable trend in the currency market. The EURUSD volatility weakened last year to levels never seen before in the single currency 20-years history. The low fluctuation of the FX market is a sign of equilibrium, where the euro and dollar are on one side, and "yielding" EM currencies - on the other.

GBP/USD

Overview
Today last price	1.2998
Today Daily Change	-0.0056
Today Daily Change %	-0.43
Today daily open	1.3054

Trends
Daily SMA20	1.3089
Daily SMA50	1.3058
Daily SMA100	1.2846
Daily SMA200	1.2692

Levels
Previous Daily High	1.3107
Previous Daily Low	1.3041
Previous Weekly High	1.3175
Previous Weekly Low	1.2962
Previous Monthly High	1.3515
Previous Monthly Low	1.2896
Daily Fibonacci 38.2%	1.3066
Daily Fibonacci 61.8%	1.3082
Daily Pivot Point S1	1.3028
Daily Pivot Point S2	1.3001
Daily Pivot Point S3	1.2962
Daily Pivot Point R1	1.3094
Daily Pivot Point R2	1.3133
Daily Pivot Point R3	1.316

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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