Pound Sterling Price News and Forecast: GBP/USD move beyond 1.3700 [Video]


GBP/USD bulls retain footing despite pullback

GBPUSD managed to calm bearish forces around the 20-day simple moving average (SMA) once again following the latest rejection from the 1.3700 level, hinting that bullish appetite has not fully faded yet. In the near-term, the consolidation phase may continue as the RSI and the MACD keep lacking direction, with the former sidelining above its 50 neutral mark and the latter hovering around its red signal line. The red Tenkan-sen also remains trendless above the blue Kijun-sen line, suggesting an indecisive market. Read more...

 

GBP/USD Outlook: Move beyond 1.3700 needed for any further bullish extension

The GBP/USD pair extended the previous session's retracement slide from multi-year tops and witnessed some selling through the first half of the trading action on Monday. Investors remain concerned about the potential economic fallout from the continuous surge in the number of new COVID-19 cases. This was evident from a cautious mood around the equity markets, which benefitted the safe-haven US dollar and was seen as a key factor exerting pressure on the major for the second consecutive session. The British pound was further pressured by weekend news related to more travel restrictions in the UK. Read more...

GBPUSD

GBP/USD Price Analysis: Bulls gathering pace for further upside

GBP/USD is setting the stage to extend Monday’s recovery, with the near-term technical setup favoring the bulls. On the hourly chart, the cable has entered a phase of consolidation around 1.3600. The bulls have managed to defend the 200-hourly moving average (HMA) support at 1.3598, keeping the prospects of further upside in place.

Also, a bullish crossover is confirmed on the said time frame, with the 21-HMA having pierced the 50-HMA from above. The bull cross also adds credence to a likely move higher. Read more...

GBP/USD

Overview
Today last price 1.3607
Today Daily Change 0.0021
Today Daily Change % 0.15
Today daily open 1.3586
 
Trends
Daily SMA20 1.3574
Daily SMA50 1.3434
Daily SMA100 1.3206
Daily SMA200 1.2919
 
Levels
Previous Daily High 1.3606
Previous Daily Low 1.352
Previous Weekly High 1.371
Previous Weekly Low 1.3451
Previous Monthly High 1.3686
Previous Monthly Low 1.3134
Daily Fibonacci 38.2% 1.3573
Daily Fibonacci 61.8% 1.3553
Daily Pivot Point S1 1.3535
Daily Pivot Point S2 1.3485
Daily Pivot Point S3 1.3449
Daily Pivot Point R1 1.3622
Daily Pivot Point R2 1.3657
Daily Pivot Point R3 1.3708

 

 

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