2013.09.25 – New York Close – End of US Session
GBPUSD Currency Pair Levels & Trend Strength Data
The GBPUSD regained it’s strength today and continued to hold above the major 1.6000 level against the US dollar. The 1.6000 level will be the key level to watch for this pair and whether the momentum can sustain and bring higher levels. The current trend is clearly a bullish one but with prices starting to consolidate after last week’s large spike higher, a corrective downtrend looks to be looming, although prices will have to break below 1.6000 first.
Current Market Price: 1.6079
Today’s Pivot Point Levels:
Daily Pivot Point: 1.60000
Weekly Pivot Point: 1.60162
Monthly Pivot Point: 1.54355
Linear Regression Indicator Trend Strength Data:
10-day current trend is BULLISH / Trend strength of 295.0 pips
30-day current trend is BULLISH / Trend strength of 559.2 pips
60-day current trend is BULLISH / Trend strength of 977.0 pips
90-day current trend is BULLISH / Trend strength of 620.0 pips
180-day current trend is BULLISH / Trend strength of 171.1 pips
365-day current trend is BEARISH / Trend strength of -554.0 pips
By CountingPips.com – Forex News
