Pound Sterling Price News and Forecast: GBP/USD hits two-week high

FXStreet Team FXStreet

GBP/USD hits two-week high, looks to build on momentum beyond 1.2500 mark

The GBP/USD pair attracts fresh buying following an intraday dip to the 1.2445 region and build on its steady intraday ascent through the early North American session. The uptick, marking the third successive day of a positive move, pushing spot prices to a two-week high, around the 1.2515-1.2520 region in the last hour – though it lacks bullish conviction. Read more...

GBP/USD gathers strength for a sustainable move above 1.2500

The GBP/USD pair is consolidating near the psychological resistance of 1.2500 in the Asian session. The Cable is gathering strength for a sustained breakout above 1.2500 after a few failed attempts. Rising expectations of more interest rate hikes from the Bank of England (BoE) to arrest double-digit stubborn inflation are fueling fresh blood into the Pound Sterling. Read more...

GBP/USD bulls reaching for a close above 1.2500

GBP/USD is flat in Tokyo following an impressive rally on Thursday in a continuation of the short squeeze. The bulls reached the prior resistance around 1.2500 and sit there currently waiting for a fresh impetus sat not far off a 10-month peak. Read more...

GBP/USD

Overview
Today last price	1.257
Today Daily Change	0.0073
Today Daily Change %	0.58
Today daily open	1.2497

Trends
Daily SMA20	1.2439
Daily SMA50	1.224
Daily SMA100	1.2209
Daily SMA200	1.1937

Levels
Previous Daily High	1.25
Previous Daily Low	1.2436
Previous Weekly High	1.2474
Previous Weekly Low	1.2354
Previous Monthly High	1.2424
Previous Monthly Low	1.1803
Daily Fibonacci 38.2%	1.2476
Daily Fibonacci 61.8%	1.2461
Daily Pivot Point S1	1.2456
Daily Pivot Point S2	1.2414
Daily Pivot Point S3	1.2392
Daily Pivot Point R1	1.2519
Daily Pivot Point R2	1.2541
Daily Pivot Point R3	1.2583

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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