Pound Sterling Price News and Forecast: GBP/USD from overbought to oversold


What’s next after GBP/USD bearish pullback reaches 1.39?

The GBP/USD made a bearish reversal as expected in our video analysis. The main question is whether the uptrend is over or is it just a retracement?

This article analyses what future price patterns are critical for answering this key question. The GBP/USD bearish retracement was expected. But the impulsiveness of the decline is very strong, which is 1 of the main reasons for the potential end of the uptrend. Read more ...

GBPUSD

GBP/USD Forecast: From overbought to oversold, sterling has room to lick its wounds

On the fast lane – GBP/USD has reversed all its gains and some more, in a 300-pips+ slide. Apart from profit-taking, the fall was driven by the rout in bond markets, especially in the US. Prospects of stronger growth and perhaps overheating inflation – that Federal Reserve officials dismissed – have finally triggered a sharper move.

Higher returns on solid US debt make the dollar more attractive and the fall in stocks pushed additional funds toward the safe-haven greenback. Central banks in Europe, Australia, and Japan are uncomfortable with higher returns on debt and the Fed has yet to react. Will yields continue rising and pushing the dollar higher? Read more...

GBPUSD

GBP/USD Price Analysis: Break below 1.3900 mark should pave way for further losses

The GBP/USD pair witnessed some heavy selling for the second consecutive session on Friday and dropped to over one-week lows during the early European session.

The sharp corrective slide from almost three-year tops stalled near the 1.3900 confluence support amid oversold RSI on intraday charts. The mentioned level comprises the 50% Fibonacci level of the post-BoE strong positive move and 100-period SMA on the 4-hourly chart. This should now act as a key pivotal point for intraday traders. Read more...

GBP/USD

Overview
Today last price 1.3922
Today Daily Change -0.0085
Today Daily Change % -0.61
Today daily open 1.4007
 
Trends
Daily SMA20 1.3855
Daily SMA50 1.3701
Daily SMA100 1.3447
Daily SMA200 1.3121
 
Levels
Previous Daily High 1.4182
Previous Daily Low 1.4
Previous Weekly High 1.4036
Previous Weekly Low 1.383
Previous Monthly High 1.3759
Previous Monthly Low 1.3451
Daily Fibonacci 38.2% 1.407
Daily Fibonacci 61.8% 1.4113
Daily Pivot Point S1 1.3944
Daily Pivot Point S2 1.3881
Daily Pivot Point S3 1.3762
Daily Pivot Point R1 1.4126
Daily Pivot Point R2 1.4245
Daily Pivot Point R3 1.4308

 

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