fxs_header_sponsor_anchor

News

GBP/USD Price Analysis: Pound under pressure, trading sub 1.300 figure

  • GBP/USD is challenging the lower end of its range.
  • The level to beat for bears is the 1.2977 support.
 

GBP/USD daily chart 

 
Following the October and December bull-market, GBP/USD is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs).
 

GBP/USD four-hour chart

 
The pound is under pressure in the lower end of its range. Bears are attacking the 1.2977 support level as they likely intend to drive the price further down towards 1.2940 and the 1.2900 figure. Resistances are seen near the 1.3010, 1.3040 and 1.3085 levels, according to the Technical Confluences Indicator.
   
 
Resistance: 1.3010, 1.3040, 1.3085
Support: 1.2977, 1.2940, 1.2900
 
 

Additional key levels

GBP/USD

Overview
Today last price 1.2984
Today Daily Change -0.0050
Today Daily Change % -0.38
Today daily open 1.3034
 
Trends
Daily SMA20 1.3058
Daily SMA50 1.3078
Daily SMA100 1.2885
Daily SMA200 1.2696
 
Levels
Previous Daily High 1.3047
Previous Daily Low 1.2941
Previous Weekly High 1.3207
Previous Weekly Low 1.2974
Previous Monthly High 1.3281
Previous Monthly Low 1.2954
Daily Fibonacci 38.2% 1.3007
Daily Fibonacci 61.8% 1.2981
Daily Pivot Point S1 1.2968
Daily Pivot Point S2 1.2901
Daily Pivot Point S3 1.2862
Daily Pivot Point R1 1.3074
Daily Pivot Point R2 1.3113
Daily Pivot Point R3 1.318

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2026 FOREXSTREET S.L., All rights reserved.