GBP/USD hovers around 1.3400 as Brexit, Omicron fears battle thin liquidity
GBP/USD takes rounds to 1.3400 during an inactive Asian session on Monday. The cable pair snapped a three-day uptrend near the monthly high the previous day as fears over South Africa-linked covid variant and Brexit escalate. However, an offer in the UK and holiday mood elsewhere in the west restricts the market’s moves of late.
|Today last price||1.3398|
|Today Daily Change||-0.0016|
|Today Daily Change %||-0.12|
|Today daily open||1.3414|
|Previous Daily High||1.3421|
|Previous Daily Low||1.3384|
|Previous Weekly High||1.3438|
|Previous Weekly Low||1.3174|
|Previous Monthly High||1.3698|
|Previous Monthly Low||1.3194|
|Daily Fibonacci 38.2%||1.3398|
|Daily Fibonacci 61.8%||1.3407|
|Daily Pivot Point S1||1.3392|
|Daily Pivot Point S2||1.3369|
|Daily Pivot Point S3||1.3354|
|Daily Pivot Point R1||1.3429|
|Daily Pivot Point R2||1.3444|
|Daily Pivot Point R3||1.3467|
Pound jumps as Omicron risk dismissed
It has been a very good week for the British pound, which is up 1.29%. So good, in fact, that this will likely mark the pound’s best week of 2021. On Thursday, GBP/USD punched above the 1.34 line for the first time in a month.
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