Pound Sterling Price News and Forecast: GBP/USD has slipped significantly to near 1.1570

FXStreet Team FXStreet

GBP/USD tumbles to near 1.1570 amid firmer DXY, US ISM PMI buzz

The GBP/USD pair is falling like a house of cards as the US dollar index (DXY) has reclaimed the round-level hurdle of 109.00 in the Asian session. The asset is declining towards its two-year low near 1.1500. The cable has displayed a vertical downside move after surrendering the critical support of 1.1600. Also, the asset has continued its four-day losing streak after slipping below Wednesday’s low at 1.1599.

GBP/USD

Overview
Today last price	1.158
Today Daily Change	-0.0042
Today Daily Change %	-0.36
Today daily open	1.1622

Trends
Daily SMA20	1.1942
Daily SMA50	1.2013
Daily SMA100	1.2264
Daily SMA200	1.2809

Levels
Previous Daily High	1.1694
Previous Daily Low	1.1599
Previous Weekly High	1.19
Previous Weekly Low	1.1717
Previous Monthly High	1.2294
Previous Monthly Low	1.1599
Daily Fibonacci 38.2%	1.1635
Daily Fibonacci 61.8%	1.1658
Daily Pivot Point S1	1.1583
Daily Pivot Point S2	1.1543
Daily Pivot Point S3	1.1488
Daily Pivot Point R1	1.1678
Daily Pivot Point R2	1.1733
Daily Pivot Point R3	1.1773

GBP/USD Price Analysis: Downside momentum loss to support cable, 1.1650 a critical hurdle

The GBP/USD pair is displaying back-and-forth moves in a narrow range of 1.1609-1.1623 in the early Tokyo session. The cable has turned sideways after defending the critical support of 1.1600. Broadly, the asset is oscillating in a wider range of 1.1607-1.1645 and is likely to display volumes and wider ticks.

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