Pound Sterling Price News and Forecast: GBP/USD bulls gather strength to take out the key 1.2200

FXStreet Team FXStreet

GBP/USD Forecast: Correction could be in the books before the next leg higher

GBP/USD has gone into a consolidation phase below 1.2100 following Wednesday's rally. In the absence of high-impact macroeconomic data releases, market participants will pay close attention to comments from Bank of England (BoE) officials. Meanwhile, the technical outlook shows that the pair is overbought and that it might need to make a downward correction before building on its recent gains. Read more...

GBP/USD Price Analysis: Bulls gather strength to take out the key 1.2200 resistance

GBP/USD is consolidating the upside below 1.2100, having failed to sustain above the latter earlier in the Asian session this Thursday. The strength in the major can be mainly attributed to the broad-based weakness in the US Dollar following the dovish FOMC minutes and downbeat US S&P Global PMIs. Read more...

GBP/USD: Next on the upside comes 1.2200 – UOB

In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD is expected to climb further and could revisit 1.2200 in the next weeks. Read more...

GBP/USD

Overview
Today last price	1.2118
Today Daily Change	0.0052
Today Daily Change %	0.43
Today daily open	1.2066

Trends
Daily SMA20	1.1654
Daily SMA50	1.1391
Daily SMA100	1.1643
Daily SMA200	1.22

Levels
Previous Daily High	1.2082
Previous Daily Low	1.1873
Previous Weekly High	1.2029
Previous Weekly Low	1.171
Previous Monthly High	1.1646
Previous Monthly Low	1.0924
Daily Fibonacci 38.2%	1.2002
Daily Fibonacci 61.8%	1.1952
Daily Pivot Point S1	1.1932
Daily Pivot Point S2	1.1798
Daily Pivot Point S3	1.1723
Daily Pivot Point R1	1.2141
Daily Pivot Point R2	1.2215
Daily Pivot Point R3	1.2349

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FXStreet Team

FXStreet

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