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.
|Today last price||1.3726|
|Today Daily Change||0.0023|
|Today Daily Change %||0.17|
|Today daily open||1.3703|
|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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