Pound Sterling Price News and Forecast: GBP/USD Doji near 200-bar SMA raises doubts on further upside
|GBP/USD Price Analysis: Doji near 200-bar SMA raises doubts on further upside
GBP/USD pullback to 1.3045 during Friday’s Asian session. The quote surged to the highest since February the previous day but a bearish candlestick formation around the key SMA resistance seems to question further upside.
That said, sellers are again targeting 1.3000 marks whereas an upward sloping trend line from February 10, at 1.2965, could restrict the pair’s further downside.
GBP/USD: Approaches long target at 1.30815
The British Pound consolidated at 1.29520 resistance for two days before taking off, breaking through 1.3000 and 1.30415 during the overnight session. The pair trades at 1.30463 at the time of writing and could reach its third target at 1.30818 if it holds above 1.30415.
Resistance: 1.30815, 1.31265, and 1.31565
Support: 1.3000, 1.29520, and 1.29150
FXStreet Indonesian Site - new domain!
Access it at www.fxstreet-id.com
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.