Pound Sterling Price News and Forecast: GBP/USD: Bulls target 1.2500 while front side of dynamic support

FXStreet Team FXStreet

GBP/USD Price Analysis: Bulls target 1.2500 while front side of dynamic support

As per the prior analysis, GBP/USD Price Analysis: Bulls are lurking in demand area, the price has moved into key resistance and this leaves the outlook for next week´s initial balance weighted to the downside as the following illustrates: Read More...

GBP/USD eases from daily peak, up a little below mid-1.2400s ahead of Fed’s Powell

The GBP/USD pair shows some resilience below the 50-day Simple Moving Average (SMA) on Friday and stages a solid bounce from sub-1.2400 levels, or over a three-week low touched the previous day. The pair, however, retreats a few pips from the daily high touched during the early North American session and currently trades around the 1.2435-1.2445 region, up nearly 0.25% for the day. Read More...

GBP/USD rebounds from multi-week low amid softer USD, lacks bullish conviction

The GBP/USD pair shows some resilience below the 50-day Simple Moving Average (SMA) and stages a modest recovery from sub-1.2400 levels, or over a three-week low touched the previous day. Spot prices trade with a mildly positive bias, around the 1.2425-1.2430 region, through the first half of the European session, albeit lacks bullish conviction. Read More...

GBP/USD

Overview
Today last price	1.245
Today Daily Change	0.0041
Today Daily Change %	0.33
Today daily open	1.2409

Trends
Daily SMA20	1.2517
Daily SMA50	1.2403
Daily SMA100	1.2266
Daily SMA200	1.1967

Levels
Previous Daily High	1.2493
Previous Daily Low	1.2392
Previous Weekly High	1.268
Previous Weekly Low	1.244
Previous Monthly High	1.2584
Previous Monthly Low	1.2275
Daily Fibonacci 38.2%	1.243
Daily Fibonacci 61.8%	1.2454
Daily Pivot Point S1	1.2369
Daily Pivot Point S2	1.233
Daily Pivot Point S3	1.2268
Daily Pivot Point R1	1.2471
Daily Pivot Point R2	1.2533
Daily Pivot Point R3	1.2572

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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