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

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

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 price1.2185
Today Daily Change0.0160
Today Daily Change %1.33
Today daily open1.2025
 
Trends
Daily SMA201.2014
Daily SMA501.2129
Daily SMA1001.2017
Daily SMA2001.1901
 
Levels
Previous Daily High1.2114
Previous Daily Low1.1908
Previous Weekly High1.2114
Previous Weekly Low1.1803
Previous Monthly High1.2402
Previous Monthly Low1.1915
Daily Fibonacci 38.2%1.2035
Daily Fibonacci 61.8%1.1987
Daily Pivot Point S11.1918
Daily Pivot Point S21.181
Daily Pivot Point S31.1712
Daily Pivot Point R11.2124
Daily Pivot Point R21.2222
Daily Pivot Point R31.233
 

Author

FXStreet Team

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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