Pound Sterling Price News and Forecast: GBP/USD falls to new four-day lows

FXStreet Team FXStreet

GBP/USD falls to new four-day lows on a soft US jobs report as the US Dollar climbs

GBP/USD tumbles on a worse-than-expected US Nonfarm Payrolls report, with the US economy adding fewer jobs than analysts’ consensus. However, the initial reaction favored the US Dollar (USD). At the time of writing, the GBP/USD trades volatile around the 1.2450-1.2370 range, below its opening price. Read More...

GBP/USD clings to mild gains around mid-1.2400s amid BoE vs. Fed talks ahead of US NFP

GBP/USD seesaws around 1.2155-60 while printing the first daily gains in three amid early Good Friday morning in London. In doing so, the Cable pair cheers hawkish hopes from the Bank of England (BoE) while also portraying the cautious mood ahead of the key US Nonfarm Payrolls (NFP). Read More...

GBP/USD

Overview
Today last price	1.2418
Today Daily Change	-0.0022
Today Daily Change %	-0.18
Today daily open	1.244

Trends
Daily SMA20	1.2274
Daily SMA50	1.2155
Daily SMA100	1.2154
Daily SMA200	1.1901

Levels
Previous Daily High	1.2487
Previous Daily Low	1.2413
Previous Weekly High	1.2424
Previous Weekly Low	1.2219
Previous Monthly High	1.2424
Previous Monthly Low	1.1803
Daily Fibonacci 38.2%	1.2441
Daily Fibonacci 61.8%	1.2459
Daily Pivot Point S1	1.2406
Daily Pivot Point S2	1.2372
Daily Pivot Point S3	1.2332
Daily Pivot Point R1	1.248
Daily Pivot Point R2	1.2521
Daily Pivot Point R3	1.2554

GBP/USD Price Analysis: Retreats towards 1.2400 within bullish channel as US NFP looms

GBP/USD drops to 1.2430 as it extends the two-day downtrend to a sluggish Asian session on Good Friday. In doing so, the Cable pair pares the weekly losses, the fourth consecutive one, while easing from the top line of a one-month-old ascending trend channel. Read More...

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FXStreet Team

FXStreet

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