Pound Sterling Price News and Forecast: GBP/USD keeps a downside break of monthly support line

GBP/USD Price Analysis: Upside extension to liquidity, now in play

It is one or the other until breakeven can be achieved, but just like the following GBP/JPY analysis, cable bulls are in for an opportunity on the next bullish close. The following is an analysis of the daily and 4-hour chart which shows that the price is in the throes of the next bullish extension as the correction of the prior bullish impulse meets support. 

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GBP/USD: Bears look to retake controls amid Brexit woes, vaccine hopes

GBP/USD trims monthly gains while declining in the last week to re-test 1.3300. The pair awaits the Asian session’s reaction to the latest news concerning Brexit and the covid vaccine on early Monday. Although broad US dollar weakness and hopes concerning the coronavirus (COVID-19) vaccine have mainly propelled the Cable during November, bulls are turning cautious off-late as Brexit uncertainty weighs.

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Today last price 1.3338
Today Daily Change 0.0042
Today Daily Change % 0.32
Today daily open 1.3296
Daily SMA20 1.3209
Daily SMA50 1.3042
Daily SMA100 1.302
Daily SMA200 1.2729
Previous Daily High 1.3382
Previous Daily Low 1.3293
Previous Weekly High 1.3398
Previous Weekly Low 1.3264
Previous Monthly High 1.3177
Previous Monthly Low 1.282
Daily Fibonacci 38.2% 1.3327
Daily Fibonacci 61.8% 1.3348
Daily Pivot Point S1 1.3266
Daily Pivot Point S2 1.3235
Daily Pivot Point S3 1.3177
Daily Pivot Point R1 1.3354
Daily Pivot Point R2 1.3412
Daily Pivot Point R3 1.3443



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GBP/USD retreats from new highs amid dollar strength

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Bank of Canada Rate Decision Preview: No change anticipated in interest rate

The Bank of Canada is widely expected to keep monetary policy and quantitative easing unchanged at its meeting on Wednesday in spite of new COVID-19 provincial lockdowns and a slowing economy.

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US Dollar Index: Upside target remains at 91.00

DXY met buyers in the 90.30 region earlier on Wednesday and now resumes the upside to the 90.50/55 band.

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