Pound Sterling Price News and Forecast: GBP/USD further gains remain on the cards

FXStreet Team FXStreet

GBP/USD Forecast: Bulls need to defend 1.2520 to retain control

GBP/USD gathered bullish momentum and climbed to its highest level since May 10 near 1.2570 early Friday. The pair stays in a consolidation phase during the European trading hours and edges lower. In the absence of fundamental drivers, market mood and week-end flows could drive the pair's action. Read more...

GBP/USD: Further gains remain on the cards

GBP/USD is expected to edge further up in the short-term horizon, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read more...

GBP/USD will struggle to hold its recent gains – Rabobank

The Pound has regained its position as the best-performing G10 currency in the year. Economists at Rabobank discuss GBP outlook. Read more...

GBP/USD

Overview
Today last price	1.2568
Today Daily Change	0.0008
Today Daily Change %	0.06
Today daily open	1.256

Trends
Daily SMA20	1.2437
Daily SMA50	1.2464
Daily SMA100	1.2307
Daily SMA200	1.2011

Levels
Previous Daily High	1.2561
Previous Daily Low	1.2433
Previous Weekly High	1.2545
Previous Weekly Low	1.2327
Previous Monthly High	1.268
Previous Monthly Low	1.2308
Daily Fibonacci 38.2%	1.2512
Daily Fibonacci 61.8%	1.2482
Daily Pivot Point S1	1.2475
Daily Pivot Point S2	1.239
Daily Pivot Point S3	1.2347
Daily Pivot Point R1	1.2603
Daily Pivot Point R2	1.2646
Daily Pivot Point R3	1.2731

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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