Pound Sterling Price News and Forecast: GBP/USD holds onto corrective pullback from 1.3490

FXStreet Team FXStreet

GBP/USD: Cautious optimism over Brexit, Omicron defends 1.3500 ahead of US NFP

GBP/USD stays above 1.3500, taking rounds to 1.3530 during Friday’s Asia session. The cable pair snapped a two-day uptrend the previous day amid broad US dollar strength and soft UK Services PMI but covid figures and hopes of the easy path on Brexit seem to favor buyers amid the market’s inaction ahead of the key US jobs data for December.

GBP/USD

Overview
Today last price	1.3548
Today Daily Change	0.0018
Today Daily Change %	0.13
Today daily open	1.353

Trends
Daily SMA20	1.3383
Daily SMA50	1.34
Daily SMA100	1.3557
Daily SMA200	1.3741

Levels
Previous Daily High	1.3565
Previous Daily Low	1.3491
Previous Weekly High	1.355
Previous Weekly Low	1.3393
Previous Monthly High	1.355
Previous Monthly Low	1.3161
Daily Fibonacci 38.2%	1.3519
Daily Fibonacci 61.8%	1.3536
Daily Pivot Point S1	1.3492
Daily Pivot Point S2	1.3454
Daily Pivot Point S3	1.3418
Daily Pivot Point R1	1.3566
Daily Pivot Point R2	1.3603
Daily Pivot Point R3	1.364

GBP/USD analysis: Remains below December high

Starting from Tuesday up to the middle of Wednesday's trading, the resistance zone at 1.3550/1.3557 continued to hold, as the GBP/USD was making its third attempt at breaking it. Previous forecast scenarios remained unchanged.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.