Pound Sterling Price News and Forecast: GBP/USD next bullish target aligns at 1.2360

FXStreet Team FXStreet

GBP/USD Price Analysis: Bulls have the upper hand above 200 DMA, US NFP awaited

The GBP/USD pair consolidates its recent gains to the highest level since June and oscillates in a range, below the 1.2300 mark through the first half of the European session on Friday. The technical bias, meanwhile, remains tilted in favour of bulls and supports prospects for a further near-term appreciating move. Read more...

GBP/USD Forecast: Next bullish target aligns at 1.2360

After having spent the Asian session consolidating Thursday's impressive gains near 1.2250, GBP/USD has gained traction and started to stretch higher toward 1.2300. Although the pair's near-term technical outlook points to overbought conditions, additional gains are likely after the US November jobs report. Read more...

GBP/USD: Up move could extend towards 1.2750 on a break past 1.2450 – SocGen

GBP/USD has risen close to the 1.2450 mark. A break above here is needed to avoid a phase of pullback, economists at Société Générale report.

“1.2450 is the lower end of the multi-year range from which the pair broke down earlier this year and it is expected to be an intermittent resistance zone. A test and failure to cross above this hurdle could result in a phase of pullback. The October high of 1.1500, which is also the 50DMA, is expected to be first layer of support in case a decline develops.” Read more...

GBP/USD

Overview
Today last price	1.2275
Today Daily Change	0.0032
Today Daily Change %	0.26
Today daily open	1.2243

Trends
Daily SMA20	1.184
Daily SMA50	1.1475
Daily SMA100	1.1651
Daily SMA200	1.2155

Levels
Previous Daily High	1.2311
Previous Daily Low	1.2046
Previous Weekly High	1.2154
Previous Weekly Low	1.1779
Previous Monthly High	1.2154
Previous Monthly Low	1.1147
Daily Fibonacci 38.2%	1.221
Daily Fibonacci 61.8%	1.2147
Daily Pivot Point S1	1.2089
Daily Pivot Point S2	1.1935
Daily Pivot Point S3	1.1824
Daily Pivot Point R1	1.2354
Daily Pivot Point R2	1.2465
Daily Pivot Point R3	1.2619

Author

FXStreet Team

FXStreet

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