Sterling Pound US Dollar quotes are below the 14 days moving average (SMA value is 1.3177). The short term view remains bearish.
Sterling Pound US Dollar friday close was at 1.2967 (-0.89%). For intraday trading session the technical view is negative and leaves assume the down-trend continuation. However, we can’t exclude rebounds towards the most significant resistance levels. The major oscillators confirm the downward trend.
View the interactive chart on ProRealTime.com
Simple Moving Average (SMA)
Quotes are below the 14 days moving average (SMA value is 1.3177). The short term view is therefore bearish, however for today trading session we can’t exclude retracements towards the most significant resistance levels.
Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 23/09/2016.
Performance: 7 trading days= -2.11% – 15 trading days= -2.58% – 30 trading days= +0.68%
Resistance levels: R1= 1.3064 – R2= 1.3162 – R3= 1.3334
Pivot Point: 1.2990
Support levels: S1= 1.2892 – S2= 1.2818 – S3= 1.2646
Buying opportunity above 1.3019 targets minor resistance at 1.3086 and perhaps as far as strong resistance at 1.3141, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 1.3222.
Selling opportunity below 1.2944 targets minor support at 1.2879 and perhaps as far as strong support at 1.2827, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 1.2748.