The Pound Sterling begins the week solidly against the US Dollar, registering modest gains of 0.04% after hitting a daily low of 1.2681.
GBP/USD extends its gains to two straight days, climbing above 1.2700. Despite remaining bullish, bears loom as daily close below 1.2700 could reignite selling pressure. Buyers are in charge, and need the GBP/USD staying above 1.2700, to challenge 1.2800 near term. At the time of writing, the GBP/USD trades at 1.2703.
2588 Daily SMA100 1.2632 Daily SMA200 1.2541 Levels Previous Daily High 1.2712 Previous Daily Low 1.2645 Previous Weekly High 1.2712 Previous Weekly Low 1.2509 Previous Monthly High 1.2709 Previous Monthly Low 1.23 Daily Fibonacci 38.2% 1.2686 Daily Fibonacci 61.8% 1.2671 Daily Pivot Point S1 1.266 Daily Pivot Point S2 1.2619 Daily Pivot Point S3 1.2593 Daily Pivot Point R1 1.2727 Daily Pivot Point R2 1.2753 Daily Pivot Point R3 1.
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