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Pound Sterling Price News and Forecast: GBP/USD gains traction and reclaimed 1.2000

FXStreet Team FXStreet

GBP/USD gains traction and reclaimed 1.2000 as the GBP prepares for weekly losses

The GBP/USD is staging a recovery after diving to fresh February lows around 1.1914 in the mid-North American session, bolstered by overall US Dollar (USD) weakness. Nevertheless, it remains trading below the important 200-day Exponential Moving Average (EMA) at 1.2132, keeping the downtrend intact. At the time of writing, the GBP/USD is exchanging hands above the 1.2020 figure, above its opening price by 0.30%. Read More...

GBP/USD slides below 200 DMA support, seems vulnerable near its lowest level since January

The GBP/USD pair remains under heavy selling pressure for the third straight day on Friday and drops to its lowest level since January 6 during the first half of the European session. Read More...

GBP/USD risks a probable drop to 1.1900 – UOB

In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD could extend the decline to the 1.1900 region in the next weeks. Read More...

GBP/USD

Overview
Today last price	1.203
Today Daily Change	0.0038
Today Daily Change %	0.32
Today daily open	1.1992

Trends
Daily SMA20	1.2214
Daily SMA50	1.2178
Daily SMA100	1.1894
Daily SMA200	1.1941

Levels
Previous Daily High	1.2074
Previous Daily Low	1.1966
Previous Weekly High	1.2194
Previous Weekly Low	1.1961
Previous Monthly High	1.2448
Previous Monthly Low	1.1841
Daily Fibonacci 38.2%	1.2007
Daily Fibonacci 61.8%	1.2033
Daily Pivot Point S1	1.1947
Daily Pivot Point S2	1.1902
Daily Pivot Point S3	1.1839
Daily Pivot Point R1	1.2056
Daily Pivot Point R2	1.212
Daily Pivot Point R3	1.2165

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

EUR/USD holds ground near 1.1550 ahead of US Inflation data

EUR/USD is holding ground at around 1.1550 in the European session on Wednesday. The pair takes advantage of the profit-taking pullback in the US Dollar as traders reposition ahead of the critical US CPI inflation data. However, any upside attempts could be limited amid renewed US-Iran tensions.

GBP/USD keeps range near 1.3400, with eyes on US CPI

GBP/USD clings to minor recovery gains near 1.3400 in Wednesday's European trading, though it remains in a familiar range heading into the US CPI event risk. Traders keep an eye on developments around the Middle East crisis, which could ramp up volatility in the major.

Gold languishes near March low, below $4,200 as traders await US CPI report

Gold maintains its heavily offered tone through the first half of the European session and currently trades near its lowest level since March 23, around the $4,180-$4,175 region. Renewed hostilities between the US and Iran fuel inflationary concerns and bolster bets for more hawkish central banks.

Cardano's downtrend deepens despite on-chain bottoming signals

Cardano edges lower to $0.1600 signaling a potential extension of the 30% loss from last week. The altcoin remains under intense selling pressure, weighing on its retail support. Still, a spike in dormant supply re-entering circulation signals that the selling pressure has run its course, a pattern that often precedes a rebound.

US CPI data set to show inflation at three-year high in May, backing Fed hawkish tilt

The US Bureau of Labor Statistics will publish the May Consumer Price Index (CPI) data on Wednesday. The report is expected to show another step up in consumer inflation, driven by the persistently high Oil prices due to the ongoing crisis in the Middle East.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.

Pound Sterling Price News and Forecast: GBP/USD gains traction and reclaimed 1.2000

GBP/USD gains traction and reclaimed 1.2000 as the GBP prepares for weekly losses

GBP/USD slides below 200 DMA support, seems vulnerable near its lowest level since January

GBP/USD risks a probable drop to 1.1900 – UOB

GBP/USD

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EUR/USD holds ground near 1.1550 ahead of US Inflation data

GBP/USD keeps range near 1.3400, with eyes on US CPI

Gold languishes near March low, below $4,200 as traders await US CPI report

Cardano's downtrend deepens despite on-chain bottoming signals

US CPI data set to show inflation at three-year high in May, backing Fed hawkish tilt

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

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GBP/USD gains traction and reclaimed 1.2000 as the GBP prepares for weekly losses

GBP/USD slides below 200 DMA support, seems vulnerable near its lowest level since January

GBP/USD risks a probable drop to 1.1900 – UOB

GBP/USD

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