British pound continues recent decline vs US Dollar in Forex Trading

2014.01.31 13:30 6:30AM ET | GBPUSD Currency Pair

SC GBPUSD 2014.01.31

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading at the 1.64504 price level and below the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64972 while the low of day has been reached at 1.64388. The pair earlier today opened the Asian trading session slightly below the daily pivot and has trended lower towards the 1.6450 level so far today.

Daily Pivot Point: 1.64976
— S1 – 1.64292
— S2 – 1.63754
— S3 – 1.63070
— R1 – 1.65514
— R2 – 1.66198
— R3 – 1.66736

Weekly Pivot Points: GBPUSD

SC GBPUSD 2014.01.31

Prices are currently trading under the weekly pivot point on the last day of the trading week. The GBPUSD has been on an overall bearish trend this week after opening the trading week a touch below the weekly pivot.

Weekly Pivot Point: 1.65125
— S1 – 1.63579
— S2 – 1.62398
— S3 – 1.60852
— R1 – 1.66306
— R2 – 1.67852
— R3 – 1.69033

By CountingPips.comForex Trading Apps & Currency Trade Tools

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