Pound Sterling Price News and Forecast: GBP/USD keeps the previous day’s rebound

FXStreet Team FXStreet

GBP/USD Price Analysis: Pokes weekly resistance line around 1.2100

GBP/USD picks up bids to extend the previous day’s recovery to 1.2100 during Wednesday’s Asian session. In doing so, the Cable pair approaches a one-week-old resistance line while also portraying the third bounce off the 50% Fibonacci retracement level of July-August advances.

GBP/USD climbs sharply towards 1.2080 on US mixed data

The GBP/USD snaps three days of losses and approaches the 1.2100 figure as the greenback begins to weaken in the middle of the North American session, courtesy of resurfacing recession fears with US data showing signs of an economic slowdown.

GBP/USD

Overview
Today last price	1.2109
Today Daily Change	0.0015
Today Daily Change %	0.12
Today daily open	1.2094

Trends
Daily SMA20	1.2109
Daily SMA50	1.2119
Daily SMA100	1.2405
Daily SMA200	1.2898

Levels
Previous Daily High	1.2118
Previous Daily Low	1.2008
Previous Weekly High	1.2277
Previous Weekly Low	1.2048
Previous Monthly High	1.2246
Previous Monthly Low	1.176
Daily Fibonacci 38.2%	1.2076
Daily Fibonacci 61.8%	1.205
Daily Pivot Point S1	1.2029
Daily Pivot Point S2	1.1963
Daily Pivot Point S3	1.1919
Daily Pivot Point R1	1.2139
Daily Pivot Point R2	1.2183
Daily Pivot Point R3	1.2249

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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