GBP/USD remains defensive near 1.3650 amid steady USD, Fed eyed
GBP/USD remains muted on Wednesday morning following the previous day’s sluggish momentum. The pair confides in a very narrow trade band with no meaningful traction. Supply-chain bottlenecks, higher gas prices limited gains for sterling.
|Today last price||1.3655|
|Today Daily Change||-0.0006|
|Today Daily Change %||-0.04|
|Today daily open||1.3661|
|Previous Daily High||1.3693|
|Previous Daily Low||1.3641|
|Previous Weekly High||1.3913|
|Previous Weekly Low||1.3728|
|Previous Monthly High||1.3958|
|Previous Monthly Low||1.3602|
|Daily Fibonacci 38.2%||1.3673|
|Daily Fibonacci 61.8%||1.3661|
|Daily Pivot Point S1||1.3637|
|Daily Pivot Point S2||1.3613|
|Daily Pivot Point S3||1.3585|
|Daily Pivot Point R1||1.3689|
|Daily Pivot Point R2||1.3717|
|Daily Pivot Point R3||1.3741|
GBP/USD Forecast: Recovery could end in a screeching halt on a trio of central bank uncertainties
Cable has failed to recapture the broken support line – and that already implies it is set to continue falling. The 1.3730 level provided support twice in recent months and the decisive 90-pip plunge indicates recapturing it will be a struggle.
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