Pound Sterling keeps a mild bid tone, aiming for 1.2685

FXStreet Team FXStreet

GBP/USD keeps a mild bid tone, aiming for 1.2685

The Sterling has opened the week on a slightly bullish tone. A somewhat softer US Dollar amid the moderate risk appetite has allowed the pair to extend its recovery from post-NFP lows, returning to the mid-range of the 1.2600s. Read More...

GBP/USD

Overview
Today last price	1.2659
Today Daily Change	0.0021
Today Daily Change %	0.17
Today daily open	1.2638

Trends
Daily SMA20	1.268
Daily SMA50	1.2667
Daily SMA100	1.2667
Daily SMA200	1.2588

Levels
Previous Daily High	1.2649
Previous Daily Low	1.2575
Previous Weekly High	1.2684
Previous Weekly Low	1.2539
Previous Monthly High	1.2894
Previous Monthly Low	1.2575
Daily Fibonacci 38.2%	1.2603
Daily Fibonacci 61.8%	1.262
Daily Pivot Point S1	1.2592
Daily Pivot Point S2	1.2547
Daily Pivot Point S3	1.2518
Daily Pivot Point R1	1.2666
Daily Pivot Point R2	1.2694
Daily Pivot Point R3	1.274

Pound Sterling consolidates as focus shifts to US Inflation

The Pound Sterling (GBP) broadly consolidates in a tight range above 1.2600 in Monday’s early New York session. The GBP/USD pair trades sideways as investors await the United States Consumer Price Index (CPI) data for March, which will be published on Wednesday. The inflation data will provide more clarity over whether the Federal Reserve (Fed) will begin to reduce interest rates from June. Read More...

GBP/USD Price Analysis: Pound Sterling looks vulnerable whilst below 1.2665

The Pound Sterling (GBP) is trading on the back foot against the US Dollar (USD), as the GBP/USD pair manages to hold above the 1.2600 level at the start of the week on Monday. Read More...

Author

FXStreet Team

FXStreet

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