- The American Core Consumer Price Index (YoY) came slightly below expecations at 2.1% vs. 2% forecast.
- The news had a limited reaction on Cable.
GBP/USD daily chart
GBP/USD is in consolidation mode after the intense selling seen in May. The recovery is for now capped at 1.2750 resistance.
Cable is challenging 1.2750 while above its 50 and 100 SMA suggesting a consolidation for the time being.
The range theme stays intact as GBP/USD is trading between the 1.2650 and 1.2750 levels. Buyers need a break beyond 1.2750 to get to 1.2800 while bears need a breakdown below 1.2700 to reach 1.2650 and 1.2600 figure.
Additional key levels
|Today last price||1.274|
|Today Daily Change||0.0016|
|Today Daily Change %||0.13|
|Today daily open||1.2724|
|Previous Daily High||1.2733|
|Previous Daily Low||1.267|
|Previous Weekly High||1.2763|
|Previous Weekly Low||1.261|
|Previous Monthly High||1.3178|
|Previous Monthly Low||1.2559|
|Daily Fibonacci 38.2%||1.2709|
|Daily Fibonacci 61.8%||1.2694|
|Daily Pivot Point S1||1.2685|
|Daily Pivot Point S2||1.2646|
|Daily Pivot Point S3||1.2621|
|Daily Pivot Point R1||1.2748|
|Daily Pivot Point R2||1.2772|
|Daily Pivot Point R3||1.2811|
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