Pound Sterling Price News and Forecast: GBP/USD has been creeping steadily higher

FXStreet Team FXStreet

GBP/USD bulls moved in on the 1.3730s but has stalled

At 1.3729, GBP/USD is higher on the day so far, trading up 0.16% after climbing from a low of 1.3705. The price is stalling here but the US dollar has been on the backfoot and the pound is lapping it up. The Bank of England has been one of the more hawkish of the central banks.

GBP/USD

Overview
Today last price	1.3726
Today Daily Change	0.0023
Today Daily Change %	0.17
Today daily open	1.3703

Trends
Daily SMA20	1.348
Daily SMA50	1.3402
Daily SMA100	1.3554
Daily SMA200	1.3737

Levels
Previous Daily High	1.3749
Previous Daily Low	1.3701
Previous Weekly High	1.3599
Previous Weekly Low	1.3431
Previous Monthly High	1.355
Previous Monthly Low	1.3161
Daily Fibonacci 38.2%	1.3719
Daily Fibonacci 61.8%	1.373
Daily Pivot Point S1	1.3686
Daily Pivot Point S2	1.3669
Daily Pivot Point S3	1.3638
Daily Pivot Point R1	1.3735
Daily Pivot Point R2	1.3766
Daily Pivot Point R3	1.3783

GBP/USD: A handful of pips ahead

A handful of pips ahead of supply from $1.3782-1.3758 and a deep 88.6% Fibonacci retracement at $1.3758, GBP/USD rotated lower at the tail end of Thursday’s session. This highlights steep trendline support, drawn from the low $1.3173, Quasimodo resistance-turned support at $1.3668 and a decision point at $1.3622-1.3646.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.