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.

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GBP/USD

Overview
Today last price 1.3398
Today Daily Change -0.0016
Today Daily Change % -0.12
Today daily open 1.3414
 
Trends
Daily SMA20 1.3277
Daily SMA50 1.345
Daily SMA100 1.3585
Daily SMA200 1.3754
 
Levels
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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