Pound Sterling Price News and Forecast: GBP/USD 1.2170/1.2100 is next potential support zone

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling struggles to attract buyers despite oversold conditions

GBP/USD registered losses for the third consecutive trading day on Monday and declined to a six-month low of 1.2167 in the Asian session before recovering toward 1.2200. The pair remains technically oversold but investors could refrain from betting on a steady upward correction in the risk-averse market environment. Read more...

GBP/USD: 1.2170/1.2100 is next potential support zone – SocGen

The Pound continues to struggle as September draws to a close. Economists at Société Générale analyze GBP outlook.

GBP/USD confirmed a Head and Shoulders and subsequently gave up the 200-DMA resulting in steady decline. Read more...

GBP/USD: Gains through 1.2200 may trigger a squeeze to the 1.23 area – Scotiabank

Cable is soft but off earlier lows. Economists at Scotiabank analyze GBP/USD outlook.

Cable price signals are reflecting a tentative and perhaps only short-term base for the GBP developing on intraday chart. Read more...

GBP/USD

Overview
Today last price	1.2184
Today Daily Change	-0.0028
Today Daily Change %	-0.23
Today daily open	1.2212

Trends
Daily SMA20	1.2471
Daily SMA50	1.2649
Daily SMA100	1.2639
Daily SMA200	1.2434

Levels
Previous Daily High	1.2256
Previous Daily Low	1.2194
Previous Weekly High	1.2425
Previous Weekly Low	1.2231
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.2218
Daily Fibonacci 61.8%	1.2232
Daily Pivot Point S1	1.2185
Daily Pivot Point S2	1.2159
Daily Pivot Point S3	1.2123
Daily Pivot Point R1	1.2247
Daily Pivot Point R2	1.2282
Daily Pivot Point R3	1.2309

Author

FXStreet Team

FXStreet

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