Pound Sterling Price News and Forecast: GBP/USD eyes 21 DMA on a technical rebound ahead of critical events


GBP/USD Weekly Forecast: Eyes 21 DMA on a technical rebound ahead of critical US, UK events

GBP/USD put an end to its three-week losing streak and staged a strong comeback from roughly four-decade lows of 1.1405. The US dollar correction and economic stimulus measures unveiled by the new UK PM Liz Truss saved the day for cable bulls. Will the rebound extend into a big week ahead? Read more...

GBP/USD Forecast: Bulls to retain control as long as 1.1600 holds

GBP/USD has gathered bullish momentum following Thursday's indecisive action and advanced to its strongest level in over a week above 1.1600. The pair remains on track to snap a three-week losing streak and additional recovery gains could be witnessed as long as buyers continue to defend 1.1600. During the European trading hours on Thursday, GBP/USD gained traction after British Prime Minister Liz Truss announced that they will introduce a two-year "energy price guarantee." Truss explained that a typical household will pay no more than £2,500 a year on energy bills, translating into an annual saving of roughly £1,000 based on October prices. Read more...

GBP/USD jumps to near two-week high, closer to mid-1.1600s amid notable USD selling

The GBP/USD pair gains strong positive traction on Friday and continues scaling higher through the early part of the European session. The momentum lifts spot prices to a one-and-half-week high, closer to mid-1.1600s, and is sponsored by the heavily offered tone surrounding the US dollar. A goodish recovery in the risk sentiment - as depicted by a positive tone around the equity markets - drags the safe-haven buck further away from a two-decade high touched earlier this week. In fact, the key USD Index, which measures the greenback's performance against a basket of currencies, dives to a fresh monthly low and turns out to be a key factor behind the GBP/USD pair’s intraday momentum to the upside. Read more...

GBP/USD

Overview
Today last price 1.1591
Today Daily Change 0.0086
Today Daily Change % 0.75
Today daily open 1.1505
 
Trends
Daily SMA20 1.1759
Daily SMA50 1.193
Daily SMA100 1.2172
Daily SMA200 1.2755
 
Levels
Previous Daily High 1.1561
Previous Daily Low 1.146
Previous Weekly High 1.1761
Previous Weekly Low 1.1496
Previous Monthly High 1.2294
Previous Monthly Low 1.1599
Daily Fibonacci 38.2% 1.1499
Daily Fibonacci 61.8% 1.1522
Daily Pivot Point S1 1.1456
Daily Pivot Point S2 1.1408
Daily Pivot Point S3 1.1356
Daily Pivot Point R1 1.1557
Daily Pivot Point R2 1.1609
Daily Pivot Point R3 1.1658

 

 

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