Pound Sterling Price News and Forecast: GBP/USD could stumble as Brexit is a double-edged sword [Video]

FXStreet Team FXStreet

GBP/USD potential setup for pullback trading [Video]

In the H4 timeframe, GBP/USD broke out the resistance at 1.3080 subsequently followed by a pullback as a test of the sign of strength rally. This could setup a potential pullback trading entry after the confirmation. If trading the pullback is your bread and butter setup, you will need to understand the one thing that every trader should do when trading the pullback in order to increase the winning rate and avoid the early entry or bad entry. Watch the video below (timestamp starts 4:35) where I explain in detail. Read More...

GBP/USD Forecast: Sterling could stumble as Brexit is a double-edged sword

Brexit giveth, will Brexit taketh away? Friday is the day when Chief EU Negotiator Michel Barnier provides his weekly assessment of the talks, and he could point to a lack of meaningful progress despite "intensifying" talks. David Frost, his British counterpart, could do the same.

GBP/USD is holding onto the highest levels since September, a move driven by the resumption of talks on Wednesday. However, returning to the negotiating table does not imply success. The current deadline is mid-November, ahead of the expiry of the transition period on December 31. Read More...

GBP/USD sits near daily tops, around 1.3100 mark post-UK PMIs

The GBP/USD pair rallied over 50 pips in the last hour and refreshed daily tops, with bulls now looking to build on the momentum further beyond the 1.3100 mark.

The pair managed to find decent support near the 1.3050 region and for now, seems to have stalled this week's retracement slide from six-week tops, set on Wednesday. The US dollar struggled to preserve its early gains, instead witnessed some fresh selling during the early European session, which, in turn, was seen as a key factor that provided a minor lift to the GBP/USD pair. Read More...

GBP/USD

Overview
Today last price	1.3085
Today Daily Change	0.0003
Today Daily Change %	0.02
Today daily open	1.3082

Trends
Daily SMA20	1.2946
Daily SMA50	1.3015
Daily SMA100	1.2856
Daily SMA200	1.271

Levels
Previous Daily High	1.3154
Previous Daily Low	1.3071
Previous Weekly High	1.3083
Previous Weekly Low	1.2863
Previous Monthly High	1.3482
Previous Monthly Low	1.2676
Daily Fibonacci 38.2%	1.3102
Daily Fibonacci 61.8%	1.3122
Daily Pivot Point S1	1.3051
Daily Pivot Point S2	1.3019
Daily Pivot Point S3	1.2968
Daily Pivot Point R1	1.3134
Daily Pivot Point R2	1.3185
Daily Pivot Point R3	1.3217

Author

FXStreet Team

FXStreet

EUR/USD slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold surges on safe-haven demand, rises above $5,400

Gold benefits from intense risk-aversion on Monday and climbs above $5,400, setting a fresh monthly-high in the process. Tensions in the Middle East remain high as Israel and Hezbollah continue to exchange strikes following the US-Israel joint attack on Iran over the weekend.

Bitcoin, Ethereum and Ripple under pressure as key supports face breakdown risk

Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.