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Pound Sterling Price News and Forecast: GBP/USD: Bulls looking for the deceleration in supply, eye 1.2500

Pound Sterling Price News and Forecast: GBP/USD: Bulls looking for the deceleration in supply, eye 1.2500
FXStreet TeamFXStreet TeamFXStreet

GBP/USD Price Analysis: Bulls looking for the deceleration in supply, eye 1.2500

GBP/USD is down on the day by some 0.45% and has fallen from a high of 1.2540 to a low of 1.2448 on the day as speculators continue to cut their short GBP positions. However, the pair is running into a potential area of support as the following technical analysis will illustrate: Read More...

Pound Sterling bleeds lower as negative sentiment prompts US Dollar safe-haven buying

The Pound Sterling (GBP) continues bleeding lower against the US Dollar (USD) on Friday, following weakness triggered by the Bank of England (BoE) monetary policy meeting on the previous day. GBP/USD is now trading in the mid 1.24s after being pressured lower on safe-haven flows into the US Dollar amidst concerns about the US debt-ceiling in the absence of a deal and following the release of the Michigan Consumer Confidence Index, which showed a decline to 57.7 from 63, and Michigan 5-year inflation expectations, which rose to 3.2% from 3.0% previously. Read More...

GBP/USD seems vulnerable near 1.2500 mark, over one-week low amid modest USD strength

The GBP/USD pair attracts fresh sellers following an early uptick to the 1.2540 region on Friday and drops to a one-and-half-week low during the early North American session. Spot prices slip below the 1.2500 psychological mark, with bears now awaiting a break below through the lower end of an ascending trend channel extending from the April swing low before placing fresh bets. Read More...

GBP/USD

Overview
Today last price1.2447
Today Daily Change-0.0064
Today Daily Change %-0.51
Today daily open1.2511
 
Trends
Daily SMA201.2504
Daily SMA501.2349
Daily SMA1001.2245
Daily SMA2001.1959
 
Levels
Previous Daily High1.2641
Previous Daily Low1.2497
Previous Weekly High1.2652
Previous Weekly Low1.2436
Previous Monthly High1.2584
Previous Monthly Low1.2275
Daily Fibonacci 38.2%1.2552
Daily Fibonacci 61.8%1.2586
Daily Pivot Point S11.2458
Daily Pivot Point S21.2406
Daily Pivot Point S31.2314
Daily Pivot Point R11.2602
Daily Pivot Point R21.2694
Daily Pivot Point R31.2746
 

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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