GBP/USD bulls search fresh clues to cross 100-DMA hurdle
GBP/USD bulls take a breather around 1.3925, following the heaviest rebound in two months, amid Tuesday’s Asian session. The cable pair benefited from the risk-on mood the previous day while the latest inaction could be linked to mixed headlines from the Fed and concerning the UK’s covid conditions, as well as cautious sentiment ahead of the key data/events.
|Today last price||1.3908|
|Today Daily Change||-0.0026|
|Today Daily Change %||-0.19|
|Today daily open||1.3934|
|Previous Daily High||1.3937|
|Previous Daily Low||1.3787|
|Previous Weekly High||1.4133|
|Previous Weekly Low||1.3792|
|Previous Monthly High||1.4234|
|Previous Monthly Low||1.3801|
|Daily Fibonacci 38.2%||1.388|
|Daily Fibonacci 61.8%||1.3844|
|Daily Pivot Point S1||1.3835|
|Daily Pivot Point S2||1.3735|
|Daily Pivot Point S3||1.3684|
|Daily Pivot Point R1||1.3985|
|Daily Pivot Point R2||1.4036|
|Daily Pivot Point R3||1.4135|
Sterling surge leads FX higher, dollar pauses, stocks rebound
Sterling staged a rebound off mid-April 2021 lows at 1.37844 to 1.3930 NY close. The British Pound had slumped from a high last week at 1.4185 on broad-based USD strength following the FOMC announcement. GBP/USD hit an overnight high at 1.39368.
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