Pound Sterling Price News and Forecast: GBP/USD bears are back in play regardless of hawkish BoE


GBP/USD bears are back in play regardless of hawkish BoE

GBP/USD has fallen onto the back foot in recent trade and is pressuring back below 1.3515 following a significant correction to 1.3535 that started in the early New York session from the 1.3490s. It is a US dollar and euro story at the start of the week as traders digest the importance of last week's main events in the central bank meetings and US jobs data. Read More...

GBP/USD continues undulation in 1.3500-1.3550 ranges ahead of Fed/BoE speak and key UK/US data

GBP/USD is trading broadly flat at the start of the week within a 1.3500-1.3550 intra-day range, as traders brace for a barrage of further central bank speakers as well as UK and US tier one data releases. After rallying as high as the 1.3620s last week as a result of a weakening US dollar plus a hawkish BoE surprise, the pair reversed back below 1.3550 in the wake of a much stronger than expected US labour market report. Read More...

GBP/USD

Overview
Today last price 1.3516
Today Daily Change -0.0015
Today Daily Change % -0.11
Today daily open 1.3531
 
Trends
Daily SMA20 1.356
Daily SMA50 1.3436
Daily SMA100 1.3511
Daily SMA200 1.3712
 
Levels
Previous Daily High 1.3615
Previous Daily Low 1.3505
Previous Weekly High 1.3628
Previous Weekly Low 1.3387
Previous Monthly High 1.3749
Previous Monthly Low 1.3358
Daily Fibonacci 38.2% 1.3547
Daily Fibonacci 61.8% 1.3573
Daily Pivot Point S1 1.3486
Daily Pivot Point S2 1.344
Daily Pivot Point S3 1.3375
Daily Pivot Point R1 1.3596
Daily Pivot Point R2 1.366
Daily Pivot Point R3 1.3706

 

GBP/USD Forecast: Correction could deepen with a drop below 1.3520

GBP/USD has started the new week in a calm manner after closing the previous week in the positive territory despite Friday's decline. The pair is having a difficult time making a decisive move in either direction early Monday but a drop below 1.3520 could attract sellers. Read More...

 

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