GBP/USD Price Analysis: Sellers attack short-term key support above 1.2500
GBP/USD takes offers to refresh intraday low around 1.2520, extending the U-turn from the 200-EMA towards breaking a one-week-old support line during Wednesday’s Asian session. Given the cable pair’s inability to cross the 200-EMA, coupled with the bearish MACD signals, the quote is likely to break the immediate support near 1.2520.
GBP/USD eyes to recapture 1.2600 on positive market mood, FOMC eyed
The GBP/USD pair has rebounded gradually from a low of 1.2475 as positive market sentiment has underpinned the risk-sensitive currencies. The cable witnessed a steep fall on Tuesday after failing to overstep the round level resistance of 1.2600. The asset was offered on Tuesday amid poor S&P Global Purchase Managers Index (PMI) numbers.
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|Today last price||1.2522|
|Today Daily Change||-0.0010|
|Today Daily Change %||-0.08|
|Today daily open||1.2532|
|Previous Daily High||1.2599|
|Previous Daily Low||1.2472|
|Previous Weekly High||1.2525|
|Previous Weekly Low||1.2217|
|Previous Monthly High||1.3167|
|Previous Monthly Low||1.2411|
|Daily Fibonacci 38.2%||1.252|
|Daily Fibonacci 61.8%||1.255|
|Daily Pivot Point S1||1.247|
|Daily Pivot Point S2||1.2407|
|Daily Pivot Point S3||1.2343|
|Daily Pivot Point R1||1.2597|
|Daily Pivot Point R2||1.2661|
|Daily Pivot Point R3||1.2723|
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