Pound Sterling Price News and Forecast: GBP/USD poised to test July low at 1.3571

FXStreet Team FXStreet

GBP/JPY bears on the prowell and testing weekly support

GBP/JPY bears in town and eye lower lows ahead. The cross is on the brink of breaking below critical weekly support. GBP has collapsed in classic risk-off fashion with the US dollar rallying to fresh cycle highs in the pursuit of blue skies on the DXY chart. At the time of writing, cable is trading 1.3640 and down close to 1% while the GBP/JPY cross is lower by the same percentage with USD/JPY flat on the day. Read more...

GBP/USD

Overview
Today last price	1.3636
Today Daily Change	-0.0119
Today Daily Change %	-0.87
Today daily open	1.3755

Trends
Daily SMA20	1.3852
Daily SMA50	1.3866
Daily SMA100	1.3928
Daily SMA200	1.3787

Levels
Previous Daily High	1.3786
Previous Daily Low	1.3731
Previous Weekly High	1.3894
Previous Weekly Low	1.3791
Previous Monthly High	1.3984
Previous Monthly Low	1.3572
Daily Fibonacci 38.2%	1.3765
Daily Fibonacci 61.8%	1.3752
Daily Pivot Point S1	1.3728
Daily Pivot Point S2	1.3702
Daily Pivot Point S3	1.3673
Daily Pivot Point R1	1.3784
Daily Pivot Point R2	1.3813
Daily Pivot Point R3	1.3839

GBP/USD Forecast: Poised to test July low at 1.3571

The British Pound was among the worst performers against the greenback, with GBP/USD falling to 1.3639, its lowest for this August, holding nearby ahead of the Asian opening. The pound came under renewed selling pressure amid a dismal market’s mood pushing investors into safer bets. The UK macroeconomic calendar was empty, which made it easier to sell the sterling. Read more...

GBP/USD Forecast: Sterling suffers, and a dollar breather may fail to lift it

GBP/USD has tumbled to around 1.37 following the Fed's meeting minutes. Rising UK covid cases could hamper a recovery attempt. Thursday's four-hour chart is pointing to further pain for the pound. Blame it on Biden or on Boris? The chaos in Kabul has prompted a lively debate in the British parliament that will likely continue for long days. In currency markets, the most recent downfall of GBP/USD can be easily attributed to America's central bank – but it would be hard for the pound to recover. Read more...

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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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