GBP/USD Price Analysis: Stays directed to 1.3830 resistance confluence
GBP/USD holds onto 200-DMA breakout around 1.3765 amid a quiet start to Friday’s Asian session. The cable pair’s recovery moves from 61.8% Fibonacci retracement (Fibo.) of December 2020 to June 2021 upside manages to cross the key SMA and 50% Fibo. hurdle, keeping the buyers hopeful. Also favoring the bulls is the MACD line that teases a bullish breakout over the signal line.
GBP/USD drops below 1.3760 as the US dollar gains momentum
The GBP/USD pulled back almost 50 pips from the daily highs as the US dollar recovered ground across the board. Cable dropped back under 1.3750; earlier on Thursday, it peaked at 1.3787, the highest since Monday. US dollar turns positive against most of its rivals during the American session. GBP/USD trims gains, still heads for second gain in a row.
|Today last price||1.3774|
|Today Daily Change||0.0007|
|Today Daily Change %||0.05|
|Today daily open||1.3767|
|Previous Daily High||1.3787|
|Previous Daily Low||1.3691|
|Previous Weekly High||1.391|
|Previous Weekly Low||1.3761|
|Previous Monthly High||1.4249|
|Previous Monthly Low||1.3787|
|Daily Fibonacci 38.2%||1.3751|
|Daily Fibonacci 61.8%||1.3728|
|Daily Pivot Point S1||1.371|
|Daily Pivot Point S2||1.3652|
|Daily Pivot Point S3||1.3613|
|Daily Pivot Point R1||1.3806|
|Daily Pivot Point R2||1.3845|
|Daily Pivot Point R3||1.3903|
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