Pound Sterling Price News and Forecast: GBP/USD Price Analysis: Bulls move in and eye 1.2500

FXStreet Team FXStreet

GBP/USD Price Analysis: Bulls move in and eye 1.2500

As per the prior day´s analysis, GBP/USD Price Analysis: Bulls meet key resistance, bears lurking, whereby the price was anticipated to continue forming the right-hand shoulder of the head and shoulders, we have seen just that. Read More...

GBP/USD bounces off daily low, lacks follow-through; remains below 50-day SMA

The GBP/USD pair attracts some dip-buying near the 1.2350-1.2345 area on Wednesday and climbs to the top end of its daily trading range during the early North American session. The pair is currently placed around the 1.2400 mark, below the 50-day Simple Moving Average (SMA) hurdle tested the previous day. Read More...

GBP/USD is seen trading between 1.2330 and 1.2505 – UOB

GBP/USD has likely moved into a consolidative phase according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...

GBP/USD

Overview
Today last price	1.2424
Today Daily Change	0.0010
Today Daily Change %	0.08
Today daily open	1.2414

Trends
Daily SMA20	1.248
Daily SMA50	1.2441
Daily SMA100	1.2292
Daily SMA200	1.1984

Levels
Previous Daily High	1.2447
Previous Daily Low	1.2327
Previous Weekly High	1.2472
Previous Weekly Low	1.2308
Previous Monthly High	1.2584
Previous Monthly Low	1.2275
Daily Fibonacci 38.2%	1.2401
Daily Fibonacci 61.8%	1.2373
Daily Pivot Point S1	1.2345
Daily Pivot Point S2	1.2276
Daily Pivot Point S3	1.2226
Daily Pivot Point R1	1.2465
Daily Pivot Point R2	1.2516
Daily Pivot Point R3	1.2585

Author

FXStreet Team

FXStreet

EUR/USD keeps the offered stance just above 1.1700

EUR/USD is coming under heavy selling pressure in what has been a rather grim start to the new trading week, with the pair now trading close to the 1.1700 support area as the US Dollar stages a solid rebound. The prevailing flight to safety mood continues to favour the Greenback, as investors react to the escalating conflict in the Middle East and trim risk exposure across the board.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold battles to retain the positive momentum

Gold now surrenders part of the earlier advance past the $5,400 mark per troy ounce at the beginning of the week. Indeed, the precious metal’s strong uptick remains fuelled by increasing geopolitical tensions in the Middle East amid the intense demand for safer assets.