2013.11.11 14:00 7:00AM ET | GBPUSD Currency Pair
Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair. Price action is currently trading under the daily pivot point to start the week at the 1.59910 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today also below the daily pivot and has traded a bit lower over the course of the day.
Daily Pivot Point: 1.60236
— S1 – 1.59433
— S2 – 1.58754
— S3 – 1.57951
— R1 – 1.60915
— R2 – 1.61718
— R3 – 1.62397
Weekly Pivot Points: GBPUSD
Prices are currently trading under the weekly pivot point at time of writing after opening the trading week below both the weekly and monthly pivots.
Weekly Pivot Point: 1.60101
— S1 – 1.59035
— S2 – 1.57957
— S3 – 1.56891
— R1 – 1.61179
— R2 – 1.62245
— R3 – 1.63323
GBPUSD Trends & Fibonacci Retracement Levels
The GBPUSD currency pair has been falling in forex market trading today with the GBPUSD registering a high of 1.60210 and a low of 1.59776 on the day. Trends data shows the pair is currently in a short-term downtrend as prices are trading below our favored short-term moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in an uptrend although prices remain on the outskirts of our channels.
GBPUSD Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -48.4 pips
30-day current trend is BEARISH / Trend strength of -78.8 pips
60-day current trend is BULLISH / Trend strength of 603.5 pips
90-day current trend is BULLISH / Trend strength of 1158.9 pips
180-day current trend is BULLISH / Trend strength of 1021.1 pips
Fibonacci Retracement Levels over last 100 Days
— 0.000 – 1.62592
— 0.236 – 1.59178
— 0.382 – 1.57065
— 0.500 – 1.55358
— 0.618 – 1.53651
— 0.764 – 1.51538
— 1.000 – 1.48124
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
