Pound Sterling Price News and Forecast: GBP/USD bulls pipe up to test H4 resistance

FXStreet Team FXStreet

GBP/USD bulls pipe up to test H4 resistance after ECB presser

GBP/USD is taking on hourly resistance in the aftermath of the European Central Bank interest rate decision and press conference. The ECB went ahead with a half-point rate hike on Thursday. Prior to the decision, market participants wondered if the Governing Council might balk. Nevertheless, the Euro sank and the US Dollar stabilized which is a weight for GBP. At the time of writing, GBP/USD is trading 0.28% higher on the day and has traveled between a low of 1.2026 and 1.2112 so far. Read More...

GBP/USD reclaims 1.2100 amid modest USD weakness, upside potential seems limited

The GBP/USD pair attracts fresh buyers near the 1.2040-1.2035 region on Thursday and recovers further from the weekly low, around the 1.2000 psychological mark touched the previous day. Spot prices climb beyond the 1.2100 mark, or a fresh daily top during the early part of the European session and, for now, seems to have snapped a two-day losing streak. Read More...

GBP/USD sticks to the consolidative range near term – UOB

Further range bound trade is still expected in GBP/USD, likely within 1.1950 and 1.2190, suggest Markets Strategist at UOB Group Quek Ser Leang and Senior FX Strategist Peter Chia. Read More...

GBP/USD

Overview
Today last price	1.2116
Today Daily Change	0.0059
Today Daily Change %	0.49
Today daily open	1.2057

Trends
Daily SMA20	1.2016
Daily SMA50	1.2135
Daily SMA100	1.2038
Daily SMA200	1.1894

Levels
Previous Daily High	1.2182
Previous Daily Low	1.201
Previous Weekly High	1.2114
Previous Weekly Low	1.1803
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.2076
Daily Fibonacci 61.8%	1.2116
Daily Pivot Point S1	1.1985
Daily Pivot Point S2	1.1912
Daily Pivot Point S3	1.1813
Daily Pivot Point R1	1.2156
Daily Pivot Point R2	1.2255
Daily Pivot Point R3	1.2327

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.

AUD/USD bulls regain control above 0.6950 amid USD retreat

AUD/USD regains traction and extends the previous day's bounce from the weekly low, aiming for 0.7000 in Asia on Friday. The overnight pullback in US bond yields keeps the US Dollar below an 18-month high, which in turn offers some support to the pair. Meanwhile, hawkish RBA expectations also keep the major underpinned.

USD/JPY holds gains near 158.00 after Japan's weak Household Spending data

USD/JPY clings to gains around 158.00 after data showed on Friday that Japan's Household Spending fell for the ninth straight month, undermining the Japanese Yen. Meanwhile, the US Dollar remains depressed as the overnight fall in US bond yields counters a hawkish Fed and geopolitical uncertainties, could cap any downside in the pair.

Gold remains range-bound below $4,200

Gold has given up some ground after an initial bullish attempt to reach weekly highs, returning to below the $4,200 mark per troy ounce on Friday. The US Dollar’s strong upside momentum, combined with rising US Treasury yields across the curve, seems to keep further gains in the yellow metal under scrutiny.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?

The Euro is not the sick man of Europe. France's bond market is

EUR/USD remains under pressure, near the 17-month low of 1.1161 reached on Monday. The pair has lost more than 7% since its yearly peak, as concerns over France's public finances increasingly weigh on the single currency. But behind the weakness of the Euro (EUR), the problem does not necessarily lie with the European economy as a whole.