Pound Sterling Price News and Forecast: GBP/USD: Bulls engage at fresh bear cycle lows

FXStreet Team FXStreet

GBP/USD Price Analysis: Bulls engage at fresh bear cycle lows

GBP/USD is down on the day and trading at 1.2330 currently. The pair has traveled from a high of 1.2387 to a low of 1.2308 so far. The price is moving into an area of potential support but while on the front side of the bearish trend, the bears are in control and there are prospects of a downside continuation if the bears commit. The following illustrates a couple of scenarios that respect the dynamic resistance lines and also the horizontal support area: Read More...

GBP/USD rebounds from 7-week lows near 1.2330

Further strength in the greenback weighs on the risk complex and drags GBP/USD to revisit the area of multi-week lows near 1.2330 on Thursday. Read More...

GBP/USD: Still room for further pullbacks – UOB

In the view of Economist Lee Sue Ann and Markets Strategist Que Ser Leang at UOB Group, GBP/USD still risks extra declines in the next few weeks. Read More...

GBP/USD

Overview
Today last price	1.2325
Today Daily Change	-0.0039
Today Daily Change %	-0.32
Today daily open	1.2364

Trends
Daily SMA20	1.251
Daily SMA50	1.2427
Daily SMA100	1.2281
Daily SMA200	1.1974

Levels
Previous Daily High	1.247
Previous Daily Low	1.2358
Previous Weekly High	1.2547
Previous Weekly Low	1.2392
Previous Monthly High	1.2584
Previous Monthly Low	1.2275
Daily Fibonacci 38.2%	1.2401
Daily Fibonacci 61.8%	1.2427
Daily Pivot Point S1	1.2325
Daily Pivot Point S2	1.2286
Daily Pivot Point S3	1.2214
Daily Pivot Point R1	1.2437
Daily Pivot Point R2	1.2509
Daily Pivot Point R3	1.2548

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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