Pound Sterling climbs above 1.2500, with bulls targeting 200-DMA

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GBP/USD Price Analysis: Climbs above 1.2500, with bulls targeting 200-DMA

The Pound Sterling advanced sharply against the US Dollar in early trading during Monday’s North American session after hitting a daily low of 1.2474. Rumors of an intervention by Japanese authorities to propel the Japanese Yen (JPY) weighed on the Greenback, which is tumbling against most G8 FX currencies. Therefore, the GBP/USD trades at 1.2534, gaining 0.36%. Read More...

Pound Sterling rises as US Dollar drops ahead of Fed's policy decision

The Pound Sterling (GBP) hits a fresh two-week high against the US Dollar (USD) near 1.2550 in Monday’s early American session. The GBP/USD pair advances due to cheerful market sentiment and a decline in the US Dollar. The Cable strengthens as mixed guidance from Bank of England (BoE) policymakers over the inflation outlook increases uncertainty about when the BoE will start its interest rate cuts cycle. Read More...

GBP/USD holds positive ground above 1.2500 on weaker US Dollar, Fed rate decision looms

The GBP/USD pair holds positive ground near 1.2520 on Monday during the early Asian session. The uptick of the major pair is supported by the softer US Dollar (USD) below the 106.00 psychological mark. Investors will closely monitor the Federal Open Market Committee (FOMC) interest rate decision and Press Conference on Wednesday. Read More...

GBP/USD

Overview
Today last price	1.255
Today Daily Change	0.0056
Today Daily Change %	0.45
Today daily open	1.2494

Trends
Daily SMA20	1.2517
Daily SMA50	1.2624
Daily SMA100	1.265
Daily SMA200	1.2557

Levels
Previous Daily High	1.2542
Previous Daily Low	1.2449
Previous Weekly High	1.2542
Previous Weekly Low	1.23
Previous Monthly High	1.2894
Previous Monthly Low	1.2575
Daily Fibonacci 38.2%	1.2485
Daily Fibonacci 61.8%	1.2507
Daily Pivot Point S1	1.2448
Daily Pivot Point S2	1.2402
Daily Pivot Point S3	1.2355
Daily Pivot Point R1	1.2541
Daily Pivot Point R2	1.2588
Daily Pivot Point R3	1.2633

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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