Pound Sterling Price News and Forecast: Could GBP/USD drop to the 1,2010 level?

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling needs to overcome 1.2360 to push higher

Following a decline toward 1.2300, GBP/USD has gathered bullish momentum and advanced to the 1.2350 area early Thursday. The pair faces strong resistance at 1.2360 and it needs to flip that level into support to continue to push higher. Read more...

Could GBP/USD drop to the 1,2010 level?

An uptrend will start as soon, as the market rises above resistance level 1,2350, which will be followed by moving up to resistance level 1,2447.

An downtrend will start as soon, as the market drops below support level 1,2189, which will be followed by moving down to support level 1,2010. Read more...

GBP/USD: Key resistance at 1.2445/50 looks reachable in the near-term – Scotiabank

GBP/USD strengthens to mid 1.23s. Cable should retain a firm undertone, in the view of economists at Scotiabank.

“The broader outlook remains positive – solid trend momentum and a steady run of higher highs and higher lows on the short-term chart that shows the bulls are in control.” Read more...

GBP/USD

Overview
Today last price	1.2359
Today Daily Change	0.0047
Today Daily Change %	0.38
Today daily open	1.2312

Trends
Daily SMA20	1.2127
Daily SMA50	1.215
Daily SMA100	1.2118
Daily SMA200	1.1894

Levels
Previous Daily High	1.2362
Previous Daily Low	1.2303
Previous Weekly High	1.2344
Previous Weekly Low	1.2167
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.2325
Daily Fibonacci 61.8%	1.2339
Daily Pivot Point S1	1.2289
Daily Pivot Point S2	1.2267
Daily Pivot Point S3	1.2231
Daily Pivot Point R1	1.2348
Daily Pivot Point R2	1.2384
Daily Pivot Point R3	1.2407

Author

FXStreet Team

FXStreet

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