- GBP/USD pushes lower once again as the dollar catches a bid in late US trade.
- The last wave low stopped at 1.2725 and the pair met resistance at 1.2850.
GBP/USD 4-Hour Chart
Cable is once again under pressure in late US trade.
The price has really struggled over the last week even as the US dollar lost ground elsewhere.
This is interesting as the EUR has gained against both GBP and USD. This, in turn, means its largely a EUR move.
The majority of GBP weakness came after the UK government stated the UK would be prepared to leave the EU without a deal.
On the downside, the key level remains the previous wave low at 1.2725.
|Today last price||1.2747|
|Today Daily Change||-0.0073|
|Today Daily Change %||-0.57|
|Today daily open||1.282|
|Previous Daily High||1.292|
|Previous Daily Low||1.2726|
|Previous Weekly High||1.3018|
|Previous Weekly Low||1.2726|
|Previous Monthly High||1.3204|
|Previous Monthly Low||1.2726|
|Daily Fibonacci 38.2%||1.28|
|Daily Fibonacci 61.8%||1.2846|
|Daily Pivot Point S1||1.2724|
|Daily Pivot Point S2||1.2628|
|Daily Pivot Point S3||1.253|
|Daily Pivot Point R1||1.2918|
|Daily Pivot Point R2||1.3016|
|Daily Pivot Point R3||1.3112|
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