Pound Sterling Price News and Forecast: GBP/USD on the right footing

FXStreet Team FXStreet

GBP/USD up move as expected

Currently, more than 100 pips of profit has been made from the GBPUSD longs. We can see that the market is bullish. The POC zone perfectly bounced off the GBPUSD as the essential support has been made. We can see that the upward trend is persisting and I advise protecting profits for everyone who entered long in the POC. Targets are 1.3750 followed by 1.3952 and 1.4080 as a part of a swing trade. Only if the market breaks below 1.3550 it will invalidate the bullish trend. Read more...

GBP/USD Forecast: Pound on the right footing

The GBP/USD pair edged higher on Thursday, ending the day around 1.3775, not far from a daily high of 1.3787. The pair advanced throughout the first half of the day, supported by the better performance of equities and higher government bond yields. GBP/USD held on to gains despite the optimism deteriorated during the American session, with Wall Street struggling to post modest gains and Treasury yields edging firmly lower. Read more...

GBP/USD drops below 1.3760 as the US dollar gains momentum

US dollar turns positive against most of its rivals during the American session. GBP/USD trims gains, still heads for second gain in a row. The GBP/USD pulled back almost 50 pips from the daily highs as the US dollar recovered ground across the board. Cable dropped back under 1.3750; earlier on Thursday, it peaked at 1.3787, the highest since Monday. Read more...

GBP/USD

Overview
Today last price	1.3766
Today Daily Change	0.0054
Today Daily Change %	0.39
Today daily open	1.3712

Trends
Daily SMA20	1.3813
Daily SMA50	1.3986
Daily SMA100	1.3927
Daily SMA200	1.3706

Levels
Previous Daily High	1.3723
Previous Daily Low	1.3591
Previous Weekly High	1.391
Previous Weekly Low	1.3761
Previous Monthly High	1.4249
Previous Monthly Low	1.3787
Daily Fibonacci 38.2%	1.3673
Daily Fibonacci 61.8%	1.3642
Daily Pivot Point S1	1.3628
Daily Pivot Point S2	1.3543
Daily Pivot Point S3	1.3496
Daily Pivot Point R1	1.376
Daily Pivot Point R2	1.3807
Daily Pivot Point R3	1.3892

Author

FXStreet Team

FXStreet

EUR/USD looks sidelined below 1.1600

EUR/USD remains on the back foot in the latter part of the NA session on Thursday, now attempting a consolidative theme in the sub-1.1600 region. A more cautious market mood, driven by the escalating conflict in the Middle East, together with broad-based strength in the US Dollar, is favouring the continuation of the leg lower in spot.

GBP/USD stays offered near 1.3340

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