Pound Sterling Price News and Forecast: GBP/USD consolidates in a range below 1.2400 mark

FXStreet Team FXStreet

GBP/USD consolidates in a range below 1.2400 mark, near six-week top set on Friday

The GBP/USD pair kicks off the new week on a subdued note and consolidates Friday's strong move up its highest level since September 20. Spot prices currently trade around the 1.2375 region, nearly unchanged for the day, and remain at the mercy of the US Dollar (USD) price dynamics. Read More...

GBP/USD soaring into 1.24, set for its best trading day since March

The GBP/USD is climbing into the 1.2400 handle to cap off a trading week that saw the pair mostly flounder around the averages.

After US Nonfarm Payrolls (NFP) came in well below expectations the Pound Sterling (GBP) climbed 1.6% from Friday's opening bids near 1.2190, and the GPB/USD is up almost 2.5% from the week's lows of 1.2095. Read More...

Pound Sterling rallies on improved market sentiment

The Pound Sterling (GBP) advances swiftly as improved market sentiment outperforms a stagnant growth outlook for the UK economy. The market mood has turned extremely upbeat after the United States labor demand slowed in October and the Unemployment Rate rose beyond expectations. Read More...

GBP/USD

Overview
Today last price	1.2373
Today Daily Change	-0.0006
Today Daily Change %	-0.05
Today daily open	1.2379

Trends
Daily SMA20	1.2191
Daily SMA50	1.2305
Daily SMA100	1.2547
Daily SMA200	1.2435

Levels
Previous Daily High	1.239
Previous Daily Low	1.2185
Previous Weekly High	1.239
Previous Weekly Low	1.209
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2311
Daily Fibonacci 61.8%	1.2263
Daily Pivot Point S1	1.2246
Daily Pivot Point S2	1.2113
Daily Pivot Point S3	1.2041
Daily Pivot Point R1	1.2451
Daily Pivot Point R2	1.2523
Daily Pivot Point R3	1.2656

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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