2013.11.07 14:00 7:00AM ET | GBPUSD Currency Pair
Here are today’s current Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair. Price action is currently trading slightly below the daily pivot point at the 1.60760 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today virtually on top of the daily pivot and has traded sideways so far today.
Daily Pivot Point: 1.60787
— S1 – 1.60407
— S2 – 1.60023
— S3 – 1.59643
— R1 – 1.61171
— R2 – 1.61551
— R3 – 1.61935
Weekly Pivot Points: GBPUSD
Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on a bullish trend 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 almost unchanged in forex market trading today with the GBPUSD registering a high of 1.60904 and a low of 1.60642 on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading over/under our favored short-term moving 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 and recently found major support at the 0.236 fibonacci retracement level.
GBPUSD Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -149.9 pips
30-day current trend is BEARISH / Trend strength of -55.4 pips
60-day current trend is BULLISH / Trend strength of 641.0 pips
90-day current trend is BULLISH / Trend strength of 1214.6 pips
180-day current trend is BULLISH / Trend strength of 1013.2 pips
Fibonacci Retracement Levels
— 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.
