2013.11.06 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 over the daily pivot point at the 1.60858 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today above the daily pivot and has continued higher over the course of the day to trading right at the R1 resistance level.
Daily Pivot Point: 1.60176
— S1 – 1.59734
— S2 – 1.59033
— S3 – 1.58591
— R1 – 1.60877
— R2 – 1.61319
— R3 – 1.62020
Weekly Pivot Points: GBPUSD
Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on a bullish path so far this week after opening the trading week below the weekly and monthly pivots.
Weekly Pivot Point: 1.60129
— S1 – 1.58184
— S2 – 1.57132
— S3 – 1.55187
— R1 – 1.61181
— R2 – 1.63126
— R3 – 1.64178
GBPUSD Trends & Fibonacci Retracement Levels
The GBPUSD currency pair has been gaining in forex market trading today for a 3rd day with the GBPUSD registering a high of 1.61168 and a low of 1.60404 on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading over our favored short-term moving average (negated by a close under the average). Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channel, the pair continues to be in an uptrend. Prices dropped from the outer part of the channel late last week to the .236 fibo level and have since regrouped back to trend.
GBPUSD Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -202.6 pips
30-day current trend is BEARISH / Trend strength of -53.3 pips
60-day current trend is BULLISH / Trend strength of 664.6 pips
90-day current trend is BULLISH / Trend strength of 1216.6 pips
180-day current trend is BULLISH / Trend strength of 1004.8 pips
Fibonacci Retracement Levels & Targets
— 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.
