Pound Sterling Price News and Forecast: GBP/USD collapses to new 4-week lows at 1.2059

FXStreet Team FXStreet

GBP/USD collapses to new 4-week lows at 1.2059 after robust US economic data

GBP/USD nosedives and extended its losses past the 50 and 200-day Exponential Moving Average (EMA) on Friday after a surprisingly strong jobs report from the United States (US) that increased speculations that the Federal Reserve (Fed) could raise rates back above Wednesday’s 25 basis points mark (bps). At the time of writing, the GBP/USD is trading at 1.2060 after reaching a daily high of 1.2265. Read More...

GBP/USD tumbles to the 1.2100 zone as Dollar jumps on upbeat NFP

The GBP/USD tumbled from 1.2250 to 1.2100, reaching the lowest level in three weeks after the NFP. During the last hour, it rebounded modestly rising toward 1.2150. Read More...

GBP/USD rebounds from 50 DMA support, climbs back above mid-1.2200s ahead of US NFP

The GBP/USD pair finds decent support near the 50-day SMA and stages a goodish intraday recovery from the 1.2185-1.2180 region, or a nearly three-week low touched earlier this Friday. The momentum allows spot prices to recover a part of the previous day's Bank of England (BoE)-inspired losses and climb back above the 1.2250 level during the mid-European session. Read More...

GBP/USD

Overview
Today last price	1.206
Today Daily Change	-0.0178
Today Daily Change %	-1.45
Today daily open	1.2238

Trends
Daily SMA20	1.2291
Daily SMA50	1.2191
Daily SMA100	1.1797
Daily SMA200	1.1958

Levels
Previous Daily High	1.2402
Previous Daily Low	1.2229
Previous Weekly High	1.2448
Previous Weekly Low	1.2263
Previous Monthly High	1.2448
Previous Monthly Low	1.1841
Daily Fibonacci 38.2%	1.2295
Daily Fibonacci 61.8%	1.2336
Daily Pivot Point S1	1.2178
Daily Pivot Point S2	1.2117
Daily Pivot Point S3	1.2005
Daily Pivot Point R1	1.2351
Daily Pivot Point R2	1.2463
Daily Pivot Point R3	1.2524

Author

FXStreet Team

FXStreet

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