- GBP/USD struggles to hold recent strength as it trades near 1.3220 ahead of London open on Tuesday.
- The pair rose to 1.3290 during early-day increase after Brexit optimists welcomed the meeting between the UK PM Theresa May and the EU Commission Chief Jean-Claude Juncker.
- However, prices failed to remain strong and are witnessing pullback at press time.
- Should there be a dip beneath 1.3180, sellers may aim for 1.3105/1.3100 horizontal-region comprising important reversal points since early February.
- Given the pair’s sustained downturn under 1.3100, 1.3030 can act as intermediate halt ahead of highlighting ten-week-old support-line, at 1.2970.
- Alternatively, successful trading beyond 1.3300 could escalate recent recovery towards February month high near 1.3350.
- During the pair’s extended rise past-1.3350, 61.8% Fibonacci expansion (FE) of its latest moves, at 1.3530, seems next big resistance for the pair traders to watch. Though, 1.3380, 1.3410 and 1.3460 may meanwhile entertain short-term traders.
GBP/USD 4-Hour chart
Addiitonal important levels:
Overview:
Today Last Price: 1.3252
Today Daily change: 100 pips
Today Daily change %: 0.76%
Today Daily Open: 1.3152
Trends:
Daily SMA20: 1.3073
Daily SMA50: 1.298
Daily SMA100: 1.2884
Daily SMA200: 1.2986
Levels:
Previous Daily High: 1.3171
Previous Daily Low: 1.296
Previous Weekly High: 1.3269
Previous Weekly Low: 1.299
Previous Monthly High: 1.3351
Previous Monthly Low: 1.2773
Daily Fibonacci 38.2%: 1.309
Daily Fibonacci 61.8%: 1.3041
Daily Pivot Point S1: 1.3018
Daily Pivot Point S2: 1.2884
Daily Pivot Point S3: 1.2807
Daily Pivot Point R1: 1.3229
Daily Pivot Point R2: 1.3305
Daily Pivot Point R3: 1.344