|

Pound Sterling Price News and Forecast: GBP/USD: Bulls are in the market but 1.2450s resistance could be tough

GBP/USD Price Analysis: Bulls are in the market but 1.2450s resistance could be tough

GBP/USD has traveled between a low of 1.2395 and a high of 1.2499 so far while it attempts to correct higher late in the New York day. At the time of writing, the pair is trading at 1.2444 and is 0.16% higher. Markets are looking ahead to the central bank meetings with the Federal Reserve scheduled for June 14 and the next Bank of England meeting is scheduled for June 22. Read More...

GBP/USD rallies to fresh weekly high, eyes 1.2500 mark on modest USD weakness

The GBP/USD pair catches aggressive bids following an early dip to sub-1.2400 levels and builds on its intraday positive move through the early North American session on Wednesday. Spot prices jump to 1.2470 region, or a fresh weekly high in the last hour, snapping a three-day losing streak and stalling the recent pullback from a nearly three-week high touched last Friday. Read More...
 

GBP/USD rebounds from 1.2400 as anxiety among investors for Fed policy stance deepens

The GBP/USD pair has found a decent buying interest near the round-level support of 1.2400 in the London session. The Cable has shown recovery due to a decline in the US Dollar Index (DXY). The USD Index has faced selling pressure while attempting to reclaim Tuesday’s high around 104.40. Read More...

GBP/USD

Overview
Today last price1.2438
Today Daily Change0.0014
Today Daily Change %0.11
Today daily open1.2424
 
Trends
Daily SMA201.2444
Daily SMA501.2458
Daily SMA1001.2304
Daily SMA2001.2002
 
Levels
Previous Daily High1.2459
Previous Daily Low1.2392
Previous Weekly High1.2545
Previous Weekly Low1.2327
Previous Monthly High1.268
Previous Monthly Low1.2308
Daily Fibonacci 38.2%1.2417
Daily Fibonacci 61.8%1.2433
Daily Pivot Point S11.2391
Daily Pivot Point S21.2358
Daily Pivot Point S31.2324
Daily Pivot Point R11.2458
Daily Pivot Point R21.2492
Daily Pivot Point R31.2525

Author

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD bears await break below 100-day SMA support near 1.1665 area

The EUR/USD pair attracts heavy selling for the second straight day and dives to a nearly four-week trough, around the 1.1670 region, during the Asian session on Monday. Bearish traders now await a sustained break below the 100-day Simple Moving Average before positioning for an extension of the recent pullback from a three-month top, or levels just above the 1.1800 mark touched on December 24.

GBP/USD falls toward 1.3400 near 50-day EMA

GBP/USD extends its losses for the second successive session, trading around 1.3420 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the 14-day Relative Strength Index at 53 has eased from near overbought, indicating that momentum has cooled while remaining above the midline. RSI holds above 50, keeping a modest bullish bias.

Gold on fire at the start of the week on US-Venezuela tensions

Gold regains upside traction early Monday as flight to safety prevails on Venezuela turmoil. The US Dollar finds strong haven demand, caps Gold’s upside as focus shifts to US jobs data. Gold’s daily technical setup suggests that more upside remains in the offing.

Bulls firmly in control as Bitcoin breaks $93K, Ethereum and Ripple extend gains

Bitcoin, Ethereum, and Ripple extended their rallies on Monday, gaining more than 4%, 6%, and 12%, respectively, in the previous week. The top three cryptocurrencies by market capitalization could continue to outperform, with bulls in control of the momentum.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Bitcoin, Ethereum, Ripple – Bulls firmly in control as BTC breaks $93K, ETH and XRP extend gains

Bitcoin, Ethereum, and Ripple extended their rallies on Monday, gaining more than 4%, 6%, and 12%, respectively, in the previous week. The top three cryptocurrencies by market capitalization could continue to outperform, with bulls in control of the momentum.