2014.01.22 13:30 6:30AM ET | GBPUSD Currency Pair
Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading sharply over the daily pivot point at the 1.65485 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.65507 while the low of day has reached to 1.64495. The pair earlier today opened the Asian trading session modestly above the daily pivot and has spiked higher to above the R2 resistance level on the news of better than expected employment data. The UK unemployment rate fell to 7.1% from 7.4% previously and beat the market expectations of a dip to the rate of 7.3% unemployment.
Daily Pivot Point: 1.64527
— S1 – 1.64207
— S2 – 1.63662
— S3 – 1.63342
— R1 – 1.65072
— R2 – 1.65392
— R3 – 1.65937
Weekly Pivot Points: GBPUSD
Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on an overall bullish trend this week after opening the trading week virtually on top of the weekly pivot.
Weekly Pivot Point: 1.64123
— S1 – 1.63177
— S2 – 1.62135
— S3 – 1.61189
— R1 – 1.65165
— R2 – 1.66111
— R3 – 1.67153
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
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