Pound Sterling Price News and Forecast: GBP/USD holds above the 1.2720 mark amid the risk-on mood

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling could edge lower if 1.2680 support fails

GBP/USD staged a rebound in the second half of the previous week and erased a large portion of its weekly losses. The pair's near-term technical outlook is yet to point to a build-up of bullish momentum as it holds steady at around 1.2700 in the European morning on Monday. Read more...

GBP/USD Price Analysis: Holds above the 1.2720 mark amid the risk-on mood

The GBP/USD pair kicks off the new week on a positive note during the early European session on Monday. The rebound of the major pair is bolstered by the risk-on environment. However, the rising tension in the Red Sea might boost safe-haven asset demand and cap the upside of GBP/USD. At press time, the pair is trading at 1.2722, up 0.16% for the day. Read more...

GBP/USD: Likely to hold within the recent 1.2600/1.2800 range for a little longer – Scotiabank

GBP/USD is holding a neutral point within the recent 1.2600/1.2800 trading range. Economists at Scotiabank analyze the pair’s outlook.

Traders have little to go on and Cable is likely to hold within the recent 1.2600/1.2800 range for a little longer. Read more...

GBP/USD

Overview
Today last price	1.2719
Today Daily Change	0.0017
Today Daily Change %	0.13
Today daily open	1.2702

Trends
Daily SMA20	1.2713
Daily SMA50	1.2637
Daily SMA100	1.2453
Daily SMA200	1.2551

Levels
Previous Daily High	1.2715
Previous Daily Low	1.2662
Previous Weekly High	1.2766
Previous Weekly Low	1.2597
Previous Monthly High	1.2828
Previous Monthly Low	1.2501
Daily Fibonacci 38.2%	1.2694
Daily Fibonacci 61.8%	1.2682
Daily Pivot Point S1	1.2671
Daily Pivot Point S2	1.264
Daily Pivot Point S3	1.2618
Daily Pivot Point R1	1.2724
Daily Pivot Point R2	1.2746
Daily Pivot Point R3	1.2777

Author

FXStreet Team

FXStreet

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