GBP/USD: Softer USD cover Brexit wounds near 1.3800, focus on US Core PCE Inflation
GBP/USD reacts to Brexit jitters with a cold heart, despite easing a bit from weekly top to 1.3800 by the press time of the initial Asian session on Friday. That being said, the cable pair seems to cheer the US dollar weakness amid risk-on mood. Risk catalysts can entertain ahead of Fed’s preferred inflation gauge’s release.
|Today last price||1.3801|
|Today Daily Change||0.0013|
|Today Daily Change %||0.09|
|Today daily open||1.3788|
|Previous Daily High||1.3815|
|Previous Daily Low||1.3722|
|Previous Weekly High||1.3834|
|Previous Weekly Low||1.3709|
|Previous Monthly High||1.3913|
|Previous Monthly Low||1.3412|
|Daily Fibonacci 38.2%||1.3779|
|Daily Fibonacci 61.8%||1.3758|
|Daily Pivot Point S1||1.3736|
|Daily Pivot Point S2||1.3683|
|Daily Pivot Point S3||1.3643|
|Daily Pivot Point R1||1.3828|
|Daily Pivot Point R2||1.3868|
|Daily Pivot Point R3||1.392|
GBP/USD analysis: Retraces to resistance near 1.3770
On Wednesday, the GBP/USD found support at 1.3710 and started a recovery. By the middle of Thursday's trading hours, the GBP/USD had reached the 1.3770 level. From 1.3760 up to 1.3777, the pair faced the resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point.
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