Pound Sterling Price News and Forecast: GBP/USD pound sterling faces key resistance at 1.2450

FXStreet Team FXStreet

GBP/USD Price Analysis: Maintains position above 1.2400 supported by nine-day EMA

GBP/USD looks to extend its losses for the third consecutive day ahead of the Retail Sales data from the United Kingdom, trading around 1.2410 during the Asian session on Friday. The 1.2400 psychological level serves as immediate support, followed by the next support around 1.2350, which is aligned with the nine-day Exponential Moving Average (EMA) at the 1.2353 level. Read more...

GBP/USD Forecast: Pound Sterling faces key resistance at 1.2450

After closing the day virtually unchanged slightly above 1.2400, GBP/USD edged slightly higher in the European session on Friday. The pair is likely to face stiff resistance at 1.2450 and technical buyers could take action once that level turns into support. Read more...

GBP/USD: Upside pressure mitigated below 1.2350 – UOB

In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, the upward bias could lose traction if GBP/USD breaks below 1.2350. Read more...

GBP/USD

Overview
Today last price	1.2432
Today Daily Change	0.0023
Today Daily Change %	0.19
Today daily open	1.2409

Trends
Daily SMA20	1.2248
Daily SMA50	1.2257
Daily SMA100	1.2511
Daily SMA200	1.2442

Levels
Previous Daily High	1.2456
Previous Daily Low	1.2376
Previous Weekly High	1.2429
Previous Weekly Low	1.2187
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2407
Daily Fibonacci 61.8%	1.2426
Daily Pivot Point S1	1.2372
Daily Pivot Point S2	1.2334
Daily Pivot Point S3	1.2292
Daily Pivot Point R1	1.2451
Daily Pivot Point R2	1.2493
Daily Pivot Point R3	1.2531

Author

FXStreet Team

FXStreet

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