Pound Sterling Price News and Forecast: GBP/USD pops towards the 1.24 psychological target

FXStreet Team FXStreet

GBP/USD pops towards the 1.24 psychological target

GBP/USD was last up 0.65% at 1.2391 having traveled between a low of 1.2293 and 1.2392 putting the pair on track for its biggest monthly gain since November, as concerns among investors over the banking sector dwi9ndled and dented the safe haven US Dollar. Read More...

GBP/USD climbs to new multi-week highs around 1.2380

Further losses in the greenback allow GBP/USD to pick up extra pace and reach the 1.2380 region, or multi-week highs, on Thursday. Read More...

GBP/USD rallies to nearly two-month peak amid the emergence of fresh USD selling

The GBP/USD pair reverses an intraday dip to sub-1.2300 levels and climbs to its highest level since early February during the first half of the European session on Thursday. The pair currently trades just above the mid-1.2300s and seems poised to prolong its recent upward trajectory from the 1.1800 round-figure mark, or the YTD low touched earlier this March. Read More...

GBP/USD

Overview
Today last price	1.2389
Today Daily Change	0.0077
Today Daily Change %	0.63
Today daily open	1.2312

Trends
Daily SMA20	1.2127
Daily SMA50	1.215
Daily SMA100	1.2118
Daily SMA200	1.1894

Levels
Previous Daily High	1.2362
Previous Daily Low	1.2303
Previous Weekly High	1.2344
Previous Weekly Low	1.2167
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.2325
Daily Fibonacci 61.8%	1.2339
Daily Pivot Point S1	1.2289
Daily Pivot Point S2	1.2267
Daily Pivot Point S3	1.2231
Daily Pivot Point R1	1.2348
Daily Pivot Point R2	1.2384
Daily Pivot Point R3	1.2407

Author

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.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

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