GBPUSD on defensive in Currency Market Trading around 1.6650 exchange rate

2014.02.20 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 at the 1.66551 price level and under the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.66942 while the low of day has reached to 1.66343. The pair earlier today opened the Asian trading session a few pips below the daily pivot and has trended lower after finding resistance around the pivot area.

Daily Pivot Point: 1.66821
— S1 – 1.66316
— S2 – 1.65853
— S3 – 1.65348
— R1 – 1.67284
— R2 – 1.67789
— R3 – 1.68252


Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on an overall bearish trend this week after opening the trading week well above the weekly pivot.

Weekly Pivot Point: 1.66278
— S1 – 1.65008
— S2 – 1.62549
— S3 – 1.61279
— R1 – 1.68737
— R2 – 1.70007
— R3 – 1.72466


By CountingPips.comForex 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.

 

 

 

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