The British pound traded in the bearish territory during the course of the trading session on Monday amid the absence of any market-moving data. The GBP/USD fell over 1% from the 200-exponential moving average price at around 1.2100 level. Resistance from this important level suggests that the pair may consolidate in the short term. However, speeches from Bank of England committee member, Dr. Catherine L Mann and Bank of England’s governor Andrew Bailey will dictate the next move of the British pound on Tuesday’s trading session.
Important Pivots
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 1.1720 | 1.1831 | 1.1895 | 1.2006 | 1.2071 | 1.2181 | 1.2246 |
| Fibonacci | 1.1831 | 1.1898 | 1.1939 | 1.2006 | 1.2073 | 1.2114 | 1.2181 |
| Camarilla | 1.1912 | 1.1928 | 1.1944 | 1.2006 | 1.1976 | 1.1992 | 1.2008 |
| Woodie’s | 1.1696 | 1.1819 | 1.1871 | 1.1994 | 1.2047 | 1.2169 | 1.2222 |
| DeMark’s | – | – | 1.1863 | 1.1990 | 1.2038 | – | – |
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