Home Analysis British pound is trading lower in the European session

British pound is trading lower in the European session

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British pound is trading lower in the European session - forexspacex.com

British pound along with other risk-sensitive currencies good afternoon have attracted some selling pressure on Monday morning after the Russia-Ukraine war escalated. The Bank of England intervened the last week to restore the investors’ confidence in the domestic market. Market participants are worried about the potential fallout of Credit Suisse Group and eyeing the central bank policy for another clue. UK residents have to deal with the worst economic prospects and this is supported by the GBP/USD daily chart.

Important Pivots

NameS3S2S1Pivot PointsR1R2R3
Classic1.10251.10441.10591.10781.10931.11121.1128
Fibonacci1.10441.10571.10651.10781.10911.10991.1112
Camarilla1.10641.10671.10701.10781.10761.10791.1082
Woodie’s1.10211.10421.10551.10761.10891.11101.1124
DeMark’s1.10511.10741.1085

Ref link


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