Pound Sterling Price News and Forecast: GBP/USD faces resistance at 1.1930

FXStreet Team FXStreet

GBP/USD faces resistance at 1.1930 after rebounding off YTD lows at 1.1800s

GBP/USD bounces off the YTD lows of 1.1802 and rises above 1.1900, following Powell’s two-day appearance at the US Congress. Although Powell’s stance turned hawkish, US Thursday’s data might help the Fed to gradually increase rates, though further confirmation is needed on Friday’s Nonfarm Payrolls. At the time of writing, the GBP/USD is trading at 1.1905 after hitting a low of 1.1828. Read More...

GBP/USD clings to modest gains around mid-1.1800s amid softer USD, lacks bullish conviction

The GBP/USD pair builds on the overnight modest bounce from the 1.1800 neighbourhood, or its lowest level since November and edges higher for the second successive day on Thursday. The pair sticks to a mildly positive tone and trades above the mid-1.1800s during the early part of the European session, though any meaningful upside still seems elusive. Read More...

GBP/USD faces the next support around 1.1750 – UOB

In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, extra pullbacks could motivate GBP/USD to revisit the 1.1750 zone in the near term. Read More...

Overview
Today last price	1.1882
Today Daily Change	0.0033
Today Daily Change %	0.28
Today daily open	1.1849

Trends
Daily SMA20	1.2025
Daily SMA50	1.2133
Daily SMA100	1.2003
Daily SMA200	1.1906

Levels
Previous Daily High	1.186
Previous Daily Low	1.1803
Previous Weekly High	1.2143
Previous Weekly Low	1.1922
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.1838
Daily Fibonacci 61.8%	1.1824
Daily Pivot Point S1	1.1814
Daily Pivot Point S2	1.178
Daily Pivot Point S3	1.1758
Daily Pivot Point R1	1.1871
Daily Pivot Point R2	1.1894
Daily Pivot Point R3	1.1928

Author

FXStreet Team

FXStreet

EUR/USD flirts with yearly lows in the sub-1.1600 area

EUR/USD adds to Monday’s heavy losses and breaks below the key 1.1600 support on Tuesday, putting the YTD lows around 1.1570 to the test. The pair’s deep pullback comes as the US Dollar extend its strong bounce, always propped up by the intense flight-to-safety environment.

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