GBPUSD FIND SUPPORT FROM 61.8 FIB
At present, the pair is trading around the 1.2870 level, with price still managing to hold above the pairs critical 100-day moving average, at 1.2858.
Yesterday's strong move under the pairs 50-day moving average, at 1.2932, accelerated intraday losses, with sellers pushing price lower to test the GBPUSD 100-day moving average.
Key technical resistance is found at the daily pivot point, at 1.2896, and the key 1.2930 level. Above the 1.2930 level, the 1.2950 area comes back into focus.
Key GBPUSD technical support is found at the 1.2858 and 1.2847 levels. Critical trendline support is found at the 1.2826 level, with further Fibonacci support, at 1.2809.