Pound Sterling Price News and Forecast: GBP/USD holds onto recovery moves from yearly low


GBP/USD ignores Brexit, Omicron woes past 1.3300, UK/US data, BOE’s Bailey eyed

GBP/USD picks up bids to refresh intraday top around 1.3325 heading into Wednesday’s London open. The cable pair refreshed yearly low on Tuesday before closing November with static daily performance and the heaviest monthly fall since last September. The cable pair traders initially feared the South African variant of the coronavirus, dubbed as Omicron, as the UK’s count of the feared virus strain jumped to 22. 

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GBP/USD

Overview
Today last price 1.3325
Today Daily Change 0.0024
Today Daily Change % 0.18
Today daily open 1.3301
 
Trends
Daily SMA20 1.3432
Daily SMA50 1.3572
Daily SMA100 1.3684
Daily SMA200 1.3813
 
Levels
Previous Daily High 1.3371
Previous Daily Low 1.3194
Previous Weekly High 1.3457
Previous Weekly Low 1.3278
Previous Monthly High 1.3698
Previous Monthly Low 1.3194
Daily Fibonacci 38.2% 1.3262
Daily Fibonacci 61.8% 1.3303
Daily Pivot Point S1 1.3207
Daily Pivot Point S2 1.3113
Daily Pivot Point S3 1.3031
Daily Pivot Point R1 1.3383
Daily Pivot Point R2 1.3465
Daily Pivot Point R3 1.3559

 

GBP/USD Price Analysis: Tuesday’s Doji need validation from 1.3360

GBP/USD remains sidelined around 1.3300 during Wednesday’s Asian session, after refreshing the 2021 bottom the previous day. The corrective pullback seems to take clues from Tuesday’s bullish Doji candlestick at the multi-day low. However, bearish MACD signals and convergence of the 10-DMA and one-month-old descending trend line, around 1.3360, challenge the bulls.

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