Pound Sterling Price News and Forecast: GBP/USD holds in corrective territory ahead of key events

FXStreet Team FXStreet

GBP/USD holds in corrective territory ahead of key events later in the week

GBP/USD is flat on the session and has moved within a range of 1.3520 and 1.3539 on the session so far after it dipped under 1.3500 in European markets before returning to 1.3535 thereafter. It's been one of those starts to the week where there is no momentum one way or the other as the markets digest the events of the prior week and await the next catalyst.

GBP/USD

Overview
Today last price	1.3534
Today Daily Change	0.0004
Today Daily Change %	0.03
Today daily open	1.353

Trends
Daily SMA20	1.3558
Daily SMA50	1.3441
Daily SMA100	1.351
Daily SMA200	1.371

Levels
Previous Daily High	1.3552
Previous Daily Low	1.3491
Previous Weekly High	1.3628
Previous Weekly Low	1.3387
Previous Monthly High	1.3749
Previous Monthly Low	1.3358
Daily Fibonacci 38.2%	1.3514
Daily Fibonacci 61.8%	1.3528
Daily Pivot Point S1	1.3497
Daily Pivot Point S2	1.3463
Daily Pivot Point S3	1.3436
Daily Pivot Point R1	1.3558
Daily Pivot Point R2	1.3585
Daily Pivot Point R3	1.3619

GBP/USD outlook: Sterling remains in red for the second day following upbeat US NFP

Cable remains under pressure on Monday and probes again through 100DMA (1.3508) which contained Friday’s drop (the pair was down 0.5% for the day) as pound came under increased pressure from better than expected US jobs data which inflated dollar.

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