GBP/USD Price Analysis: Pound consolidates gains near 1.2400 handle

GBP/USD bounced off sharply from the 1985 lows.
GBP/USD is consolidating gains at the start of the week.

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD reversed up sharply from 1985 lows as the market trades below the main daily simple moving averages (SMAs).

GBP/USD four-hour chart

GBP/USD is consolidating gains as the market is trading above the 50 and 100 SMAs. Bulls want a continuation of the strong bullish momentum by breaking above the 1.2444/1.2500 resistance zone en route towards the 1.2600 figure while support can be expected near the 1.2350, 1.2280 and 1.2130 price levels.

Resistance: 1.2444, 1.2500, 1.2600

Support: 1.2350, 1.2280, 1.2130

Additional key levels

GBP/USD

Overview
Today last price	1.2412
Today Daily Change	-0.0042
Today Daily Change %	-0.34
Today daily open	1.2454

Trends
Daily SMA20	1.2351
Daily SMA50	1.2737
Daily SMA100	1.2886
Daily SMA200	1.267

Levels
Previous Daily High	1.2486
Previous Daily Low	1.2133
Previous Weekly High	1.2486
Previous Weekly Low	1.1447
Previous Monthly High	1.3204
Previous Monthly Low	1.2726
Daily Fibonacci 38.2%	1.2351
Daily Fibonacci 61.8%	1.2268
Daily Pivot Point S1	1.2229
Daily Pivot Point S2	1.2005
Daily Pivot Point S3	1.1876
Daily Pivot Point R1	1.2582
Daily Pivot Point R2	1.271
Daily Pivot Point R3	1.2935

Author

Flavio Tosti

Independent Analyst

EUR/USD rises to 1.1800 neighborhood amid renewed USD selling and trade uncertainties

The EUR/USD pair regains positive traction during the Asian session on Wednesday and jumps to the 1.1800 neighborhood in the last hour, reversing the previous day's modest losses. The intraday move up is sponsored by the emergence of fresh US Dollar, which continues to be weighed down by persistent trade-related uncertainties.

GBP/USD remains stronger above 1.3500 following Trump’s State of the Union

GBP/USD remains in the positive territory for the fourth successive session, trading around 1.3510 during the Asian hours on Wednesday. The pair appreciates as the US Dollar remains subdued following US President Donald Trump’s first State of the Union address of his second administration before a joint session of Congress.

Gold stays firm above $5,150 as Trump's delivers State of the Union speech

Gold finds fresh demand and regains the $5,150 level following the previous day's pullback from the monthly peak as traders assess Trump's State of the Union address. Trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.