The Pound Sterling extended its losses versus the Greenback on Monday, losses of some 0.06% as traders remain risk averse due to European political uncertainty.
GBP/USD prolonged its losses for three straight days amid risk aversion. The pair is neutral to downward bias with momentum favoring sellers as RSI turns bearish. Key support levels: Last week’s low at 1.2656, 100-DMA at 1.2646, 50-DMA at 1.2612, and 200-DMA at 1.2548. For bullish continuation, GBP/USD must break above resistance at 1.2720/40 and test 1.2750. That and a Bank of England’s monetary policy decision looming would likely keep the major consolidated. The GBP/USD trades at 1.
2686 Trends Daily SMA20 1.2743 Daily SMA50 1.2613 Daily SMA100 1.264 Daily SMA200 1.2551 Levels Previous Daily High 1.2764 Previous Daily Low 1.2657 Previous Weekly High 1.286 Previous Weekly Low 1.2657 Previous Monthly High 1.2801 Previous Monthly Low 1.2446 Daily Fibonacci 38.2% 1.2698 Daily Fibonacci 61.8% 1.2723 Daily Pivot Point S1 1.2641 Daily Pivot Point S2 1.2596 Daily Pivot Point S3 1.2535 Daily Pivot Point R1 1.2747 Daily Pivot Point R2 1.2809 Daily Pivot Point R3 1.
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