Pound Sterling Price News and Forecast: GBP/USD can buyers defend 1.3500 on a strong NFP print?

Daily technical and trading outlook – GBP/USD

GBP/USD - 1.3534. Although cable met active selling ahead of Asian open on Thur FM 1.3559 (AUS) n tumbled to session lows of 1.3491, active cross-buying in sterling lifted price to 1.3558 in NY morning b4 moving sideways later.

On the bigger picture, despite cable's brief break of 2016 post-Brexit low of 1.1491 to a near 35-year trough of 1.1412 in mid-Mar 2020 on safe-haven USD's demand following free fall in global stocks, price rallied to 1.3686 on the last trading day of 2020 following a last-minute EU-UK trade deal, then to a near 34-month, 1.4241 peak in late Feb suggests a major low is made. Despite hitting a 3-year peak of 1.4250 on Jun 01, selloff to as low as 1.3162 in Dec signals long-awaited correction has occurred. Read more...


GBP/USD Forecast: Can buyers defend 1.3500 on a strong NFP print?

GBP/USD has been moving sideways around 1.3550 so far on Friday after closing in the negative territory on Thursday. Investors await the US Bureau of Labor Statistics to release the December jobs report, which could have a significant impact on how markets price the Federal Reserve's policy outlook.

The FOMC's December policy meeting minutes showed on Wednesday that participants saw it appropriate to start the balance sheet normalization process after the first hike. The publication further revealed that current economic conditions, namely the inflation outlook and the state of the labour market, were seen as factors that would allow a faster balance sheet runoff than the previous financial crisis. Read more...


GBP/USD holds steady near mid-1.3500s, 100-DMA as traders await the key NFP report

The GBP/USD pair maintained its bid tone, around the 1.3540-50 area through the first half of the European session, albeit seemed struggling to break through the 100-day SMA resistance.

Following the previous day's modest pullback and the subsequent bounce from sub-1.3500 levels, the GBP/USD pair managed to regain positive traction on Friday amid modest US dollar weakness. A generally positive tone around the equity markets was seen as a key factor that undermined the safe-haven greenback and extended some support to the major. Raed more...


Today last price 1.3545
Today Daily Change 0.0015
Today Daily Change % 0.11
Today daily open 1.353
Daily SMA20 1.3383
Daily SMA50 1.34
Daily SMA100 1.3557
Daily SMA200 1.3741
Previous Daily High 1.3565
Previous Daily Low 1.3491
Previous Weekly High 1.355
Previous Weekly Low 1.3393
Previous Monthly High 1.355
Previous Monthly Low 1.3161
Daily Fibonacci 38.2% 1.3519
Daily Fibonacci 61.8% 1.3536
Daily Pivot Point S1 1.3492
Daily Pivot Point S2 1.3454
Daily Pivot Point S3 1.3418
Daily Pivot Point R1 1.3566
Daily Pivot Point R2 1.3603
Daily Pivot Point R3 1.364


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content

Recommended content

Editors’ Picks

AUD/USD dribbles around key support below 0.6900, China PMI, US PCE inflation eyed

AUD/USD dribbles around key support below 0.6900, China PMI, US PCE inflation eyed

AUD/USD holds onto the previous day’s bounce off important support while taking rounds to 0.6870 during Thursday’s inactive early Asian session. In addition to defending the corrective pullback, the Aussie pair also portrays the market’s anxiety ahead of important data from a major customer China.


EUR/USD renews fortnight low with eyes on 1.0420, focus on EU/US inflation

EUR/USD renews fortnight low with eyes on 1.0420, focus on EU/US inflation

EUR/USD bears take a breather around mid 1.0400s, pressured near 1.0440 by the press time, as sour sentiment joins anxiety ahead of the Fed’s preferred inflation version. The latest inaction could be linked to the general market dormancy during the initial hours of the Asian session.


Gold stays on the way to $1,807 support ahead of US PCE inflation

Gold stays on the way to $1,807 support ahead of US PCE inflation

Gold Price struggles to defend the previous day’s bounce off short-term key support during Thursday’s Asian session. In doing so, the yellow metal remains indecisive around $1,818. The yellow metal dropped to the lowest levels in two weeks the previous day.

Gold News

Polygon's MATIC price signals hard times to come, here's why

Polygon's MATIC price signals hard times to come, here's why
Polygon’s MATIC price signals bears have re-entered the market. If the profit-taking continues, a cataclysmic fall could occur to breach the $0.31 low
Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!