British Pound Sterling Price News and Forecast: GBP/USD has surpassed the 200 Simple Moving Average on the four-hour chart

Yohay Elam FXStreet

GBP/USD breaks above 1.30 as coronavirus fears send USD down

The US dollar is falling alongside ten-year treasuries. Coronavirus fears have risen as three more European countries have confirmed cases of the respiratory disease. American markets initially opened higher before turning down. Investors are flocking into the safety of bonds, pushing returns on treasuries lower and making the greenback less attractive.

GBP/USD: Breakout level to produce a bullish reversal candle for the bull

GBP/USD produced a bearish inside bar on the daily chart yesterday. As expected, the price has been bullish on the H1 chart. The price made a bullish breakout at a significant level of resistance. The pair is trading around the level as of writing. If the level produces a bullish engulfing candle, the buyers may get an opportunity to go long on the pair.

GBP/USD

Overview
Today last price	1.2962
Today Daily Change	0.0034
Today Daily Change %	0.26
Today daily open	1.2928

Trends
Daily SMA20	1.2989
Daily SMA50	1.3036
Daily SMA100	1.2967
Daily SMA200	1.2696

Levels
Previous Daily High	1.2958
Previous Daily Low	1.2887
Previous Weekly High	1.3054
Previous Weekly Low	1.2849
Previous Monthly High	1.3281
Previous Monthly Low	1.2954
Daily Fibonacci 38.2%	1.2914
Daily Fibonacci 61.8%	1.2931
Daily Pivot Point S1	1.2891
Daily Pivot Point S2	1.2853
Daily Pivot Point S3	1.282
Daily Pivot Point R1	1.2961
Daily Pivot Point R2	1.2995
Daily Pivot Point R3	1.3032

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

EUR/USD retreats toward 1.1600 after upbeat US data

EUR/USD pulls away from session highs and declines toward 1.1600 in the American session on Wednesday. Upbeat private sector employment and ISM Services PMI data from the US help the US Dollar (USD) stay resilient against its rivals, limiting the pair's upside.

GBP/USD meets resistance around 1.3400

In line with its risk-linked peers, GBP/USD stages a modest comeback on Wednesday, although meeting some resistance around the 1.3400 neighbourhood. Cable’s humble recovery struggles to gather momentum as the Greenback benefits from better-than-forecast macroeconomic data releases.

Gold loses traction after testing $5,200

Gold corrects lower after testing $5,200 but manages to stay in positive territory in the second hald of the day on Wednesday. The precious metal remains well supported by the deterioration of the geopolitical scenario in the Middle East, while the US Dollar's resilience caps the upside.