- The GBP/USD is trading back up above the 1.3000 handle after waffling following an over-eager bullish gap to open the week's action, and the gap is heading into the London market session still open.
- GBP/USD Weekly Forecast: Downside trend break sets the stage for 1.3060-1.3100
GBP/USD, M5
- The Cable has been pinned to 1.3000 after catching a bullish ride on Brexit-hopeful headlines, picking up from last week's low near 1.2700.
GBP/USD M15
- The Sterling-Dollar pairing is struggling to maintain buillish momentum over the critical 61.8% Fibo retracement level, and continued failure to see buying pressure could have the Cable marking in a long-term lower high, reinforcing a bearish trend.
GBP/USD H4
GBP/USD
Overview:
Last Price: 1.3
Daily change: 32 pips
Daily change: 0.247%
Daily Open: 1.2968
Trends:
Daily SMA20: 1.3003
Daily SMA50: 1.3021
Daily SMA100: 1.3042
Daily SMA200: 1.343
Levels:
Daily High: 1.3042
Daily Low: 1.2952
Weekly High: 1.3042
Weekly Low: 1.2696
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.2986
Daily Fibonacci 61.8%: 1.3008
Daily Pivot Point S1: 1.2932
Daily Pivot Point S2: 1.2896
Daily Pivot Point S3: 1.2841
Daily Pivot Point R1: 1.3023
Daily Pivot Point R2: 1.3078
Daily Pivot Point R3: 1.3114
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD rises toward 1.0700 after Germany and EU PMI data
EUR/USD gains traction and rises toward 1.0700 in the European session on Monday. HCOB Composite PMI data from Germany and the Eurozone came in better than expected, providing a boost to the Euro. Focus shifts US PMI readings.
GBP/USD regains 1.2350 ahead of UK PMIs
GBP/USD is recovering ground above 1.2350 in the European session, as the US Dollar comes under fresh selling pressure on improving risk sentiment. The further upside in the pair could be capped, as traders await the UK PMI reports for fresh trading impetus.
Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets
Gold price (XAU/USD) remains under heavy selling pressure for the second straight day on Tuesday and languishes near its lowest level in over two weeks, around the $2,300 mark heading into the European session.
PENDLE price soars 10% after Arthur Hayes’ optimism on Pendle derivative exchange
Pendle is among the top performers in the cryptocurrency market today, posting double-digit gains. Its peers in the altcoin space are not as forthcoming even as the market enjoys bullish sentiment inspired by Bitcoin price.
US S&P Global PMIs Preview: Economic expansion set to keep momentum in April
S&P Global Manufacturing PMI and Services PMI are both expected to come in at 52 in April’s flash estimate, highlighting an ongoing expansion in the private sector’s economic activity.