GBP/USD remains defensive below 1.3850, UK job data eyed
GBP/USD extends the previous day’s sluggish momentum and trades quietly on Tuesday morning. After testing the high of 1.3888 on Friday, the pair continued to remain submissive near 1.3850.
|Today last price||
|Today Daily Change||0.0004|
|Today Daily Change %||0.03|
|Today daily open||1.384|
|Previous Daily High||1.3851|
|Previous Daily Low||1.3797|
|Previous Weekly High||1.3889|
|Previous Weekly Low||1.3726|
|Previous Monthly High||1.3958|
|Previous Monthly Low||1.3602|
|Daily Fibonacci 38.2%||1.3831|
|Daily Fibonacci 61.8%||1.3818|
|Daily Pivot Point S1||1.3808|
|Daily Pivot Point S2||1.3776|
|Daily Pivot Point S3||1.3754|
|Daily Pivot Point R1||1.3862|
|Daily Pivot Point R2||1.3884|
|Daily Pivot Point R3||1.3916|
GBP/USD Price Analysis: 200-DMA defends bulls inside triangle, UK employment eyed
GBP/USD repeats the old tunes above 1.3800, remains sidelined around 1.3840 during Tuesday’s Asian session. In doing so, the cable pair seesaws inside a seven-week-old symmetrical triangle.
It should be noted, however, that the quote ability to stay above 200-DMA as it inches closer to the breakout keeps buyers hopeful. Also backing the upside hopes is the firmer Momentum line.
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