GBP/USD bulls moved in on the 1.3730s but has stalled

At 1.3729, GBP/USD is higher on the day so far, trading up 0.16% after climbing from a low of 1.3705. The price is stalling here but the US dollar has been on the backfoot and the pound is lapping it up. The Bank of England has been one of the more hawkish of the central banks.

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GBP/USD

Overview
Today last price 1.3726
Today Daily Change 0.0023
Today Daily Change % 0.17
Today daily open 1.3703
 
Trends
Daily SMA20 1.348
Daily SMA50 1.3402
Daily SMA100 1.3554
Daily SMA200 1.3737
 
Levels
Previous Daily High 1.3749
Previous Daily Low 1.3701
Previous Weekly High 1.3599
Previous Weekly Low 1.3431
Previous Monthly High 1.355
Previous Monthly Low 1.3161
Daily Fibonacci 38.2% 1.3719
Daily Fibonacci 61.8% 1.373
Daily Pivot Point S1 1.3686
Daily Pivot Point S2 1.3669
Daily Pivot Point S3 1.3638
Daily Pivot Point R1 1.3735
Daily Pivot Point R2 1.3766
Daily Pivot Point R3 1.3783

 

GBP/USD: A handful of pips ahead

A handful of pips ahead of supply from $1.3782-1.3758 and a deep 88.6% Fibonacci retracement at $1.3758, GBP/USD rotated lower at the tail end of Thursday’s session. This highlights steep trendline support, drawn from the low $1.3173, Quasimodo resistance-turned support at $1.3668 and a decision point at $1.3622-1.3646.

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