|

Pound Sterling Price News and Forecast: GBP/USD loses the 20-day SMA post US NFP

GBP/USD loses the 20-day SMA post US NFP

The GBP/USD fell more than 0.50% to a daily low of 1.2453 at the end of the week, following robust labor market data from the US, indicating a possible reconsideration of further rate hikes by the Federal Reserve (Fed). As a result, the US Dollar strengthened due to rising US bond yields, while the Sterling Pound continued to face selling pressure while the British economic calendar had nothing relevant to offer. Read More...

GBP/USD reverses the post-NFP dip, flat-lines above 1.2500 amid subdued USD price action

The GBP/USD pair pulls back from a two-and-half-week high, around the 1.2545 region, touched this Friday and extends its steady intraday descent through the early North American session. Spot prices slip below the 1.2500 psychological mark, hitting a fresh daily low in reaction to the mixed US employment details, albeit lacks follow-through and recovers a few pips in the last hour. Read More...
 

GBP/USD consolidates its recent gains to nearly three-week peak, US NFP report awaited

The GBP/USD pair enters a bullish consolidation phase near a two-and-half-week high touched on Friday and oscillates in a narrow band, around the 1.2530-1.2535 region through the first half of the European session. Read More....

GBP/USD

Overview
Today last price1.2452
Today Daily Change-0.0072
Today Daily Change %-0.57
Today daily open1.2524
 
Trends
Daily SMA201.2472
Daily SMA501.2449
Daily SMA1001.2298
Daily SMA2001.1991
 
Levels
Previous Daily High1.254
Previous Daily Low1.2401
Previous Weekly High1.2472
Previous Weekly Low1.2308
Previous Monthly High1.268
Previous Monthly Low1.2308
Daily Fibonacci 38.2%1.2487
Daily Fibonacci 61.8%1.2454
Daily Pivot Point S11.2437
Daily Pivot Point S21.235
Daily Pivot Point S31.2298
Daily Pivot Point R11.2575
Daily Pivot Point R21.2627
Daily Pivot Point R31.2714
 

Author

More from FXStreet Team
Share:

Editor's Picks

EUR/USD eyes nine-day EMA barrier after rebounding from 1.1600

EUR/USD gains ground after registering modest losses in the previous session, trading around 1.1620 during the Asian hours on Friday. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair remains within the descending channel pattern.

GBP/USD: Pound Sterling ticks up against US Dollar in countdown to US NFP

The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States Nonfarm Payrolls data for February, which will be published at 13:30 GMT.

Gold awaits US Nonfarm Payrolls for a clear directional impetus

Gold rebounds above $5,100 early Friday after testing the $5,050 level amid global sell-off. The US Dollar pulls back as profit-taking creeps in ahead of US labor data. For February. 21-day SMA holds amid bullish RSI; a daily closing above 61.8% Fibo is critical for Gold buyers.

Top Crypto Gainers: Lombard, Humanity Protocol, OKB rally on US Fed’s tokenized securities clarity, NYSE investment

Lombard, Humanity Protocol, and OKB rally over the last 24 hours, securing the top-gainer spots in the early Asian session. The US Federal Reserve issued clarity on tokenized securities, which expands its utility and reduces regulatory friction with US banks, driving the Real-World Assets tokenization crypto projects. 

The market compass is pointing at a barrel of Oil

The Asian open is arriving with equities leaning the wrong way, and the reason is not complicated. The market’s compass needle has snapped firmly toward crude. In this tape, oil is not just another input price; it is the gravitational center around which every asset class is orbiting.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.