Home Analysis British pound slumped amid the absence of any market moving data

British pound slumped amid the absence of any market moving data

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British pound slumped amid the absence of any market moving data - forexspacex.com

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

NameS3S2S1Pivot PointsR1R2R3
Classic1.17201.18311.18951.20061.20711.21811.2246
Fibonacci1.18311.18981.19391.20061.20731.21141.2181
Camarilla1.19121.19281.19441.20061.19761.19921.2008
Woodie’s1.16961.18191.18711.19941.20471.21691.2222
DeMark’s1.18631.19901.2038

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