Pound Sterling Price News and Forecast: GBP/USD: Bulls about to make another move? 1.2450 is key

FXStreet Team FXStreet

GBP/USD Price Analysis: Bulls about to make another move? 1.2450 is key

GBP/USD bulls took over on Friday to print a fresh bull cycle high and although we have seen a slide from those highs, so long as the bulls commit to above 1.2450, the bias remains bullish. Read More...

GBP/USD bounces off daily low, holds steady around mid-1.2500s ahead of US ISM PMI

The GBP/USD pair attracts some buying in the vicinity of the 1.2500 psychological mark on Monday and turns neutral during the early part of the North American session. The pair is currently placed around the 1.2550 region and remains well within the striking distance of its highest level since June 2022 touched on Friday. Read More...

GBP/USD drops to fresh daily low amid stronger USD, holds above 1.2500 mark

The GBP/USD pair comes under some selling pressure on the first day of a new week and erodes a part of Friday's strong gains to the 1.2580-1.2585 region, or its highest level since June 2022. Spot prices extend the steady intraday descent through the early part of the European session and drop to a fresh daily low, around the 1.2520 area in the last hour. Read More...

GBP/USD

Overview
Today last price	1.2495
Today Daily Change	-0.0074
Today Daily Change %	-0.59
Today daily open	1.2569

Trends
Daily SMA20	1.2451
Daily SMA50	1.2251
Daily SMA100	1.2212
Daily SMA200	1.194

Levels
Previous Daily High	1.2584
Previous Daily Low	1.2446
Previous Weekly High	1.2584
Previous Weekly Low	1.2387
Previous Monthly High	1.2584
Previous Monthly Low	1.2275
Daily Fibonacci 38.2%	1.2531
Daily Fibonacci 61.8%	1.2499
Daily Pivot Point S1	1.2482
Daily Pivot Point S2	1.2396
Daily Pivot Point S3	1.2345
Daily Pivot Point R1	1.262
Daily Pivot Point R2	1.267
Daily Pivot Point R3	1.2757

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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