GBP/USD Price Analysis: Pound reverses up from multi-week lows, bulls eyeing 1.3180 level
GBP/USD daily chart
After the October and December bull-market, the pound is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The spot is nearing the 1.3100 figure and the 50 SMA.
Outlook GBPUSD: Strong bullish acceleration surged through key barriers
Cable surged through pivotal 1.30 barrier (Fibo 38.2% of 1.3209/1.2871), following mild negative reaction on resignation of Britain’s finance minister Javid amid reshuffle PM Johnson’s cabinet.
|Today last price||1.3055|
|Today Daily Change||0.0096|
|Today Daily Change %||0.74|
|Today daily open||1.2959|
|Previous Daily High||1.2992|
|Previous Daily Low||1.2937|
|Previous Weekly High||1.3184|
|Previous Weekly Low||1.2882|
|Previous Monthly High||1.3281|
|Previous Monthly Low||1.2954|
|Daily Fibonacci 38.2%||1.2971|
|Daily Fibonacci 61.8%||1.2958|
|Daily Pivot Point S1||1.2933|
|Daily Pivot Point S2||1.2907|
|Daily Pivot Point S3||1.2878|
|Daily Pivot Point R1||1.2988|
|Daily Pivot Point R2||1.3018|
|Daily Pivot Point R3||1.3044|
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