Pound Sterling Price News and Forecast: GBP/USD gains momentum, the next upside barrier is seen at 1.2640

FXStreet Team FXStreet

GBP/USD Weekly Forecast: Pound Sterling buyers set to extend control

The Pound Sterling gathered further strength against the United States Dollar (USD) this week, as GBP/USD renewed a two-month high just shy of the 1.2600 level. The pair remains exposed to further upside risks, in the face of a bullish technical setup on the daily chart, heading into a relatively data-light week. Read more...

GBP/USD Price Analysis: Gains momentum, the next upside barrier is seen at 1.2640

The GBP/USD pair kicks off the week in a positive mood above 1.2600, the highest level since late August during the early Europen session on Monday. The uptick of GBP/USD is bolstered by the stronger-than-expected UK S&P Global/CIPS PMI data for November and the softer US Dollar (USD). The pair currently trades near 1.2610, unchanged for the day. Read more...

GBP/USD consolidates above 1.2600 on hawkish BoE members, awaits US data

GBP/USD moves sideways around 1.2610 during the European session on Monday. The weakening of the US Dollar (USD), driven by growing speculation that the Federal Reserve has completed its interest rate hikes, has worked in favor of the Pound Sterling (GBP). Read more...

GBP/USD

Overview
Today last price	1.2641
Today Daily Change	0.0030
Today Daily Change %	0.24
Today daily open	1.2611

Trends
Daily SMA20	1.2358
Daily SMA50	1.2265
Daily SMA100	1.2499
Daily SMA200	1.2456

Levels
Previous Daily High	1.2616
Previous Daily Low	1.2525
Previous Weekly High	1.2616
Previous Weekly Low	1.2446
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2581
Daily Fibonacci 61.8%	1.2559
Daily Pivot Point S1	1.2552
Daily Pivot Point S2	1.2493
Daily Pivot Point S3	1.2461
Daily Pivot Point R1	1.2643
Daily Pivot Point R2	1.2674
Daily Pivot Point R3	1.2733

Author

FXStreet Team

FXStreet

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