Pound Sterling Price News and Forecast: GBP/USD: Bears are flexing and eye 1.2620

FXStreet Team FXStreet

GBP/USD Price Analysis: Bears are flexing and eye 1.2620

GBP/USD is being pressured to the downside in lunchtime NY trade and is taking on a support structure that could lead the way to a move into test the 1.2020s and lower for the remainder of the day. Read More...

Pound Sterling recovers after post-NFP crash, pushing to new highs in mid-1.26s

The Pound Sterling (GBP) recovers to the mid-1.26s against the US Dollar (USD) undoing all the damage done by the US Nonfarm Payrolls (NFP) release on Friday. The US Bureau of Labour Statistics reported that 253K new jobs had been added to the economy in April, against expectations of 179K. Average Hourly Earnings also rose, hitting 4.4% versus 4.2% forecast and 4.3% previous, suggesting persistent inflationary pressures. Read More...

GBP/USD reverses the post-NFP dip and bounces to 1.2600 area, just below one-year top

The GBP/USD pair drops to a fresh daily low in reaction to the better-than-expected US monthly employment details, albeit manages to find some support ahead of the mid-1.2500s. Spot prices bounce back to the 1.2585-1.2590 region during the early North American session and trade with a mild positive bias for the third straight day, just below a nearly one-year high touched earlier today. Read More...

GBP/USD

Overview
Today last price	1.2632
Today Daily Change	0.0058
Today Daily Change %	0.46
Today daily open	1.2574

Trends
Daily SMA20	1.2465
Daily SMA50	1.2288
Daily SMA100	1.2221
Daily SMA200	1.1948

Levels
Previous Daily High	1.2599
Previous Daily Low	1.2548
Previous Weekly High	1.2584
Previous Weekly Low	1.2387
Previous Monthly High	1.2584
Previous Monthly Low	1.2275
Daily Fibonacci 38.2%	1.2579
Daily Fibonacci 61.8%	1.2568
Daily Pivot Point S1	1.2548
Daily Pivot Point S2	1.2523
Daily Pivot Point S3	1.2498
Daily Pivot Point R1	1.2599
Daily Pivot Point R2	1.2624
Daily Pivot Point R3	1.2649

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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