May,20/2022 4:00:11 PM GMT
Pointers
- USD closes a positive week by week streak no matter how you look at it, even as hazard avoidance wins.
- Pound offers indications of something going on under the surface and bounce back in excess of 200 pips.
- GBP/USD could address further, thinking about the size of a new slide.
The GBP/USD is moving sideways on Friday, merging somewhat beneath 1.2500. The pair stayed consistent even as stocks on Wall Street turned negative. Hazard avoidance is offering no lift to the dollar.
|
LEVELS |
|
|
Previous Daily High |
1.2525 |
|
Previous Daily Low |
1.2337 |
|
Previous Weekly High |
1.2406 |
|
Previous Weekly Low |
1.2155 |
|
Previous Monthly High |
1.3167 |
|
Previous Monthly Low |
1.2411 |
|
Daily Fibonacci 38.2% |
1.2453 |
|
Daily Fibonacci 61.8% |
1.2409 |
|
Daily Pivot Point S1 |
1.2361 |
|
Daily Pivot Point S2 |
1.2256 |
|
Daily Pivot Point S3 |
1.2174 |
|
Daily Pivot Point R1 |
1.2548 |
|
Daily Pivot Point R2 |
1.263 |
|
Daily Pivot Point R3 |
1.2736 |
The pound is rising versus the US dollar without precedent for five weeks as it recuperates from the least level in right around two years and follows a 900 pip slide. The primary pattern is as yet negative for GBP/USD. The pair moved off YTD lows offering hints of a break base. The recuperation seems to have space to go, especially as monetary strains across worldwide business sectors ease
