The GBP/USD dropped during the North American session after employment data from the UK was weaker than expected, undermining the Pound Sterling.
GBP/USD tumbles 0.14% due to disappointing UK employment data. Technical outlook shows neutral bias with momentum fading, consolidating between 1.2687-1.2750. A hawkish Fed could push GBP/USD below 1.2687, targeting 1.2643/37 and 1.2600; resistance at 1.2750 and 1.2800. Therefore, the major trades at 1.2711, down 0.14%. GBP/USD Price Analysis: Technical outlook From a daily chart perspective, the GBP/USD remains neutral-biased, consolidating at around 1.2687-1.
2737 Previous Daily Low 1.2688 Previous Weekly High 1.2818 Previous Weekly Low 1.2695 Previous Monthly High 1.2801 Previous Monthly Low 1.2446 Daily Fibonacci 38.2% 1.2719 Daily Fibonacci 61.8% 1.2707 Daily Pivot Point S1 1.27 Daily Pivot Point S2 1.267 Daily Pivot Point S3 1.2651 Daily Pivot Point R1 1.2749 Daily Pivot Point R2 1.2768 Daily Pivot Point R3 1.2798 British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today.
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