Pound Sterling Price News and Forecast: GBP/USD: Bears seek a break of structure

FXStreet Team FXStreet

GBP/USD Price Analysis: Bears seek a break of structure while price slows below 1.2200

GBP/USD has run up towards an area of potential resistance area on the daily chart as the following will illustrate. This gives rise to the prospects of a significant correction over the coming week. Read More...

GBP/USD rises to one-month highs above 1.2150 as DXY tumbles

The GBP/USD broke above 1.2150, reaching the highest level since mid-February, boosted by a sharp decline of the US Dollar Index (DXY). A sharp drop in US yields occurs as investors shift their bets for a softer Federal Reserve, amid market concerns about the banking industry. Read More...

GBP/USD: Outlook remains mixed for the time being – UOB

GBP/USD sticks to its mixed outlook and is expected to trade between 1.1950 and 1.2240 in the next weeks, suggest Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read More...

GBP/USD

Overview
Today last price	1.2185
Today Daily Change	0.0160
Today Daily Change %	1.33
Today daily open	1.2025

Trends
Daily SMA20	1.2014
Daily SMA50	1.2129
Daily SMA100	1.2017
Daily SMA200	1.1901

Levels
Previous Daily High	1.2114
Previous Daily Low	1.1908
Previous Weekly High	1.2114
Previous Weekly Low	1.1803
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.2035
Daily Fibonacci 61.8%	1.1987
Daily Pivot Point S1	1.1918
Daily Pivot Point S2	1.181
Daily Pivot Point S3	1.1712
Daily Pivot Point R1	1.2124
Daily Pivot Point R2	1.2222
Daily Pivot Point R3	1.233

Author

FXStreet Team

FXStreet

EUR/USD looks to regain the 200-day SMA

EUR/USD regains some balance and trade just above 1.1600 the figure ahead of the opening bell in Asia. The pair initially dipped to the 1.1530 zone for the first time since November, always following the stronger US Dollar and the marked flight-to-safety in the context of the ongoing Middle East crisis

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold bounces off lows, back above $5,100

Gold remains on the defensive, eroding part of the recent multi-day advance and managing to trade back above the $5,100 mark per troy ounce on Tuesday. The precious metal initially dropped just below the critical $5,000 threshold on the back of the persistent strength of the Greenback, higher US Treasury yields across the curve and investors' repricing of Fed rate cuts.