Pound Sterling Price News and Forecast: GBP/USD grinds higher following the biggest daily jump

FXStreet Team FXStreet

GBP/USD: Softer USD cover Brexit wounds near 1.3800, focus on US Core PCE Inflation

GBP/USD reacts to Brexit jitters with a cold heart, despite easing a bit from weekly top to 1.3800 by the press time of the initial Asian session on Friday. That being said, the cable pair seems to cheer the US dollar weakness amid risk-on mood. Risk catalysts can entertain ahead of Fed’s preferred inflation gauge’s release.

GBP/USD

Overview
Today last price	1.3801
Today Daily Change	0.0013
Today Daily Change %	0.09
Today daily open	1.3788

Trends
Daily SMA20	1.3691
Daily SMA50	1.3714
Daily SMA100	1.3785
Daily SMA200	1.3852

Levels
Previous Daily High	1.3815
Previous Daily Low	1.3722
Previous Weekly High	1.3834
Previous Weekly Low	1.3709
Previous Monthly High	1.3913
Previous Monthly Low	1.3412
Daily Fibonacci 38.2%	1.3779
Daily Fibonacci 61.8%	1.3758
Daily Pivot Point S1	1.3736
Daily Pivot Point S2	1.3683
Daily Pivot Point S3	1.3643
Daily Pivot Point R1	1.3828
Daily Pivot Point R2	1.3868
Daily Pivot Point R3	1.392

GBP/USD analysis: Retraces to resistance near 1.3770

On Wednesday, the GBP/USD found support at 1.3710 and started a recovery. By the middle of Thursday's trading hours, the GBP/USD had reached the 1.3770 level. From 1.3760 up to 1.3777, the pair faced the resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point.

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