GBPUSD Forex Trading Pivot Points: Pound drops sharply to US Dollar

2013.11.12 | 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 sharply lower than the daily pivot point at the 1.58754 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today slightly below the daily pivot and has dropped lower over the course of the day falling all the way through the S3 support level.

SC GBPUSD 2013.11.12

Daily Pivot Point: 1.59910
— S1 – 1.59611
— S2 – 1.59344
— S3 – 1.59045
— R1 – 1.60177
— R2 – 1.60476
— R3 – 1.60743


Weekly Pivot Points: GBPUSD

Prices are currently trading under the weekly pivot point at time of writing on Tuesday Nov, 12th. The GBPUSD has been on a bearish pace this week after opening the trading week slightly below the weekly pivot and further below the monthly pivot.

SC GBPUSD 2013.11.12

Weekly Pivot Point: 1.60101
— S1 – 1.59035
— S2 – 1.57957
— S3 – 1.56891
— R1 – 1.61179
— R2 – 1.62245
— R3 – 1.63323

 

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