Market Conditions for GBPUSD as at Aug 20, 2019
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Last 30 Days:
Support & Resistance
Multi Time Period Price Performance for British Pound/US Dollar
British Pound/US Dollar ProfileThe British Pound/US Dollar (GBP/USD) currency pair, also known as the Cable is a Forex (FX) currency pair traded in foreign exchange spot transactions around the globe. GBP is the base currency and USD is the quote currency, meaning that 1 British Pound was worth 1.2170 US Dollar at the end of the New York trading session on Tuesday, 0.36% more than at the previous close.
Technical Analysis Summary for Aug. 20, 2019
While the currency is experiencing a short-term uptrend, this might just be a correction, as both the medium and long-term trends are still bearish. Tuesday's trading range has been 116 pips (0.96%), that's above the last trading month's daily average range of 93 pips. As prices are trading close to August's high at 1.2210, upside momentum could speed up should the forex pair mark new highs for the month.
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