- The pound falls after rising for three consecutive days.
- DXY gains 0.15% on a quiet day in the financial markets.
GBP / USD fell further during the US session and hit a fresh daily low at 1.3817, modestly above Friday’s low. It is hovering around 1.3830, about to post the worst drop in seven trading days. The pound is retreating after failing to stay above 1.3900.
An upward correction in the US dollar and a modestly weaker pound pushed GBP / USD lower. On Friday the USD fell sharply after the NFP report and on Monday it corrected higher. The DXY is up for the first time in five days, gaining 0.15%.
Price action in all financial markets remains silent. US markets are closed for the holidays, so trading volumes are likely to remain low through Tuesday.
For the next few days, the economic calendar seems tight. The critical day in the United Kingdom and the United States will be on Friday. In the United States, the GDP will be published and the headline is expected to reach 8.2%. In the UK, on Friday, July GDP, construction production, industrial production and construction data are forecast.
Traders will also continue to closely watch the Bank of England official’s account statements ahead of the September 23 meeting. In the United States, the Fed’s comments would be interesting after the disappointing NFP report.
Technical levels
GBP/USD
| Overview | |
|---|---|
| Today last price | 1.3829 |
| Today’s Daily Change | -0.0045 |
| Today daily change% | -0.32 |
| Today they open every day | 1.3874 |
| Trends | |
|---|---|
| Daily SMA20 | 1.3775 |
| SMA50 daily | 1.3808 |
| SMA100 daily | 1.3922 |
| SMA200 daily | 1.3815 |
| Levels | |
|---|---|
| Previous Daily High | 1.3892 |
| Previous Daily Low | 1.3818 |
| Previous weekly high | 1.3892 |
| Previous Weekly Low | 1.3731 |
| Previous monthly maximum | 1.3958 |
| Previous Monthly Low | 1.3602 |
| Daily Fibonacci 38.2% | 1.3864 |
| Daily Fibonacci 61.8% | 1.3846 |
| Daily Pivot Point S1 | 1.3831 |
| S2 daily pivot point | 1.3788 |
| S3 Daily Pivot Point | 1.3757 |
| R1 daily pivot point | 1.3904 |
| Daily pivot point R2 | 1.3935 |
| R3 daily pivot point | 1.3978 |
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