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

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.

AUD/USD sticks to positive bias above 0.7100; lacks bullish conviction

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BoJ Recap: Not as hawkish as expected

The BoJ raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks. Governor Kazuo Ueda said the policy phase had changed.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.