Pound Sterling Price News and Forecast: GBP/USD hit a 7-month high but dropped beneath 1.2380

FXStreet Team FXStreet

GBP/USD hit a 7-month high but dropped beneath 1.2380 as US bond yields rise

The Pound Sterling (GBP) is retreating after hitting a seven-month high at 1.2447, though it lacked the strength to hold to the 1.2400 figure and is meandering in the 1.2380s area. At the time of writing, the GBP/USD exchanges hands at 1.2375, below its opening price by a minimal margin. Read More...

GBP/USD Price Analysis: Bulls retreat from fresh seven-month high near 1.2450 inside rising wedge

GBP/USD struggles to defend the 1.2400 threshold during a five-day uptrend to Monday’s European session, after rising to the highest levels since June 2022 earlier in the day. Read More...

GBP/USD bulls dominate above 1.2400 as UK stimulus loom, US Dollar drops ahead of PMI, GDP data

GBP/USD news intraday top near 1.2435 as Cable buyers cheer the broadly down US Dollar and hopes of stimulus from UK Prime Minister (PM) Rishi Sunak during early Monday. In doing so, the Cable pair rises for the fifth consecutive day while poling the key resistance line stretched from early December 2022. Read More...

GBP/USD

Overview
Today last price	1.2367
Today Daily Change	-0.0028
Today Daily Change %	-0.23
Today daily open	1.2395

Trends
Daily SMA20	1.2143
Daily SMA50	1.211
Daily SMA100	1.1724
Daily SMA200	1.1978

Levels
Previous Daily High	1.2404
Previous Daily Low	1.2335
Previous Weekly High	1.2436
Previous Weekly Low	1.2169
Previous Monthly High	1.2447
Previous Monthly Low	1.1992
Daily Fibonacci 38.2%	1.2378
Daily Fibonacci 61.8%	1.2362
Daily Pivot Point S1	1.2352
Daily Pivot Point S2	1.2309
Daily Pivot Point S3	1.2283
Daily Pivot Point R1	1.2421
Daily Pivot Point R2	1.2447
Daily Pivot Point R3	1.249

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.

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