Pound Sterling Price News and Forecast: GBP/USD consolidates Friday’s gains following a downbeat week-start


GBP/USD stays depressed around 1.3850 on sour senitment, UK employment data eyed

GBP/USD remains on the back foot around 1.3840-45 amid the initial Asian session on Tuesday. The cable stepped back from a confluence of the monthly resistance line and 50-DMA the previous day to consolidate Friday’s gains. While the risk-off mood joins Brexit headlines to weigh on the GBP/USD prices, the pair sellers await monthly employment data from the UK for fresh impulse.

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GBP/USD

Overview
Today last price 1.3829
Today Daily Change -0.0015
Today Daily Change % -0.11
Today daily open 1.3844
 
Trends
Daily SMA20 1.3844
Daily SMA50 1.3882
Daily SMA100 1.3928
Daily SMA200 1.3782
 
Levels
Previous Daily High 1.3879
Previous Daily Low 1.3828
Previous Weekly High 1.3894
Previous Weekly Low 1.3791
Previous Monthly High 1.3984
Previous Monthly Low 1.3572
Daily Fibonacci 38.2% 1.3847
Daily Fibonacci 61.8% 1.3859
Daily Pivot Point S1 1.3822
Daily Pivot Point S2 1.38
Daily Pivot Point S3 1.3771
Daily Pivot Point R1 1.3873
Daily Pivot Point R2 1.3901
Daily Pivot Point R3 1.3924

 

GBP/USD Forecast: Market participants waiting for UK employment figures

The GBP/USD pair bottomed for the day at 1.3827, recovering some ground in the American afternoon to end the day at around 1.3854. The pair depended solely on the dollar’s demand, or the lack of it, ignoring news coming from the United Kingdom. Nevertheless, news showed a sharp increase in the value of goods imported from Northern Ireland to the Republic, up by 77%, while the value of exports rose 43%. Companies on both sides of Ireland are making their way to avoid difficulties resulting from the Brexit protocol.

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