Pound Sterling Price News and Forecast: GBP/USD holds steady around the 20-day EMA, on mixed US data

FXStreet Team FXStreet

GBP/USD holds steady around the 20-day EMA, on mixed US data

GBP/USD trims some of its losses but remains trading below its opening price; after the latest week, robust jobs reports boosted the American Dollar (USD), but Monday’s agenda capped the USD gains. Therefore, the GBP/USD is exchanging hands at 1.2440, 0.04% below its opening price but higher than the day’s low of 1.2368. Read More...

GBP/USD Price Analysis: More downside seems warranted amid a breakdown below 1.2400

The GBP/USD pair has slipped sharply below the round-level support of 1.2400 in the European session. The Cable is facing immense selling pressure as the US Dollar has been strengthened after robust payroll additions in the United States in May fetched interest rate hike bets into the picture. Read More...

GBP/USD drops to 1.2400 mark, fresh daily low amid sustained USD buying

The GBP/USD pair kicks off the new week on a weaker note and retreats further from its highest level since May 16, around the 1.2540-1.2545 region touched on Friday. Spot prices extend the steady intraday descent through the early European session and drop to the 1.2400 neighbourhood, or a fresh daily low in the last hour. Read More...

GBP/USD

Overview
Today last price	1.2436
Today Daily Change	-0.0014
Today Daily Change %	-0.11
Today daily open	1.245

Trends
Daily SMA20	1.2463
Daily SMA50	1.2453
Daily SMA100	1.23
Daily SMA200	1.1994

Levels
Previous Daily High	1.2545
Previous Daily Low	1.2442
Previous Weekly High	1.2545
Previous Weekly Low	1.2327
Previous Monthly High	1.268
Previous Monthly Low	1.2308
Daily Fibonacci 38.2%	1.2481
Daily Fibonacci 61.8%	1.2505
Daily Pivot Point S1	1.2413
Daily Pivot Point S2	1.2376
Daily Pivot Point S3	1.2309
Daily Pivot Point R1	1.2516
Daily Pivot Point R2	1.2582
Daily Pivot Point R3	1.2619

Author

FXStreet Team

FXStreet

EUR/USD struggles to regain momentum in the low1.1600s

EUR/USD is giving some signs of life in the aftermath of two severe days of losses on Wednesday, reclaiming the 1.1600 hurdle and above on the back of the resurgence of a mild selling bias around the US Dollar. Moving forward, the usual US weekly Claims will take centre stage on Thursday ahead of Friday’s crucial NFP data.

GBP/USD tests key moving averages as growth downgrade weighs

GBP/USD was nearly flat on Wednesday, edging up 0.08% to settle around 1.3370 in a quiet session. The pair has fallen sharply from its late-January high near 1.3870 and is now testing the 200-day Exponential Moving Average, with this week's one-week forex heatmap showing Pound Sterling as one of the worst performers against the US Dollar, down about 1.4% on the week.

Gold recovers modestly despite intensifying Middle East crisis

Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.