- The GBP/USD is beginning to lose momentum after Monday’s drive to close the week’s opening gap appears to have run out of steam close to familiar levels from the previous week.
- Brexit fear continues to hang over the Cable ahead of Tuesday’s earnings call, which could see a short-term boost for the GBP/USD if income growth manages to beat expectations, but the major pair remains firmly weak to downside pressures, capped off by the 50-hour moving average camped at 1.3155.
- Descending peaks on the intraday candles sees the pair cycling near an evenly-matched price action level as markets await further details, and short-term breakouts could get faded by traders unless the Cable makes a significant break above or below current congestion.
GBP/USD
Overview:
Last Price: 1.3144
Daily change: -9.0 pips
Daily change: -0.0684%
Daily Open: 1.3153
Trends:
Daily SMA20: 1.3114
Daily SMA50: 1.2986
Daily SMA100: 1.3099
Daily SMA200: 1.3489
Levels:
Daily High: 1.3182
Daily Low: 1.3084
Weekly High: 1.326
Weekly Low: 1.3028
Monthly High: 1.33
Monthly Low: 1.2922
Daily Fibonacci 38.2%: 1.3145
Daily Fibonacci 61.8%: 1.3122
Daily Pivot Point S1: 1.3097
Daily Pivot Point S2: 1.3042
Daily Pivot Point S3: 1.2999
Daily Pivot Point R1: 1.3195
Daily Pivot Point R2: 1.3238
Daily Pivot Point R3: 1.3293
Share
