Pound Sterling Price News and Forecast: GBP/USD holds above key support despite weak UK data

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling holds above key support despite weak UK data

GBP/USD has managed to stage a rebound early Thursday before going into a consolidation phase slightly above 1.2100. The pair's technical outlook shows that buyers remain uninterested and the US Dollar's market valuation is likely to drive the action in the second half of the day. Read more...

GBP/USD surrenders modest intraday gains, seems vulnerable near multi-week low

The GBP/USD pair attracts fresh selling in the vicinity of mid-1.2100s on Thursday and retreats to the lower end of its daily range during the mid-European session. The pair is currently placed below the 1.2100 mark and remains well within the striking distance of a nearly three-week low touched on Wednesday, with bearish still awaiting a sustained break below a technically significant 200-day SMA. Read more...

GBP/USD eases from daily high post-UK GDP, holds above 1.2100 mark amid weaker USD

The GBP/USD pair attracts some buying on Thursday and reverses a major part of the previous day's slide to a nearly three-week low. The pair sticks to its intraday gains above the 1.2100 mark, though retreats a few pips in reaction to the weaker-than-expected UK macro data. Read more...

GBP/USD

Overview
Today last price	1.2019
Today Daily Change	-0.0068
Today Daily Change %	-0.56
Today daily open	1.2087

Trends
Daily SMA20	1.2176
Daily SMA50	1.1798
Daily SMA100	1.1673
Daily SMA200	1.2086

Levels
Previous Daily High	1.2193
Previous Daily Low	1.2055
Previous Weekly High	1.2447
Previous Weekly Low	1.212
Previous Monthly High	1.2154
Previous Monthly Low	1.1147
Daily Fibonacci 38.2%	1.2108
Daily Fibonacci 61.8%	1.214
Daily Pivot Point S1	1.2031
Daily Pivot Point S2	1.1974
Daily Pivot Point S3	1.1893
Daily Pivot Point R1	1.2168
Daily Pivot Point R2	1.2249
Daily Pivot Point R3	1.2306

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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