Pound Sterling Price News and Forecast: GBP/USD pressure mounts amid fundamental jitters weighing on pound


GBP/USD bulls need the BoE to throw a hawkish lifeline

GBP/USD bears seeking a break of the 1.3890 for 1.36 area targets. US dollar is not letting up on hawkish Fed hold. All eyes will turn to the BOE next week following the UK CPI print this week. GBP/USD is currently trading at 1.3924 and down around 0.4% in the afternoon New York session attempting to correct the steep bearish decline. Cable has traded between a high of 1.4008 and a low of 1.3895 on the day so far, reeling in the wake of US dollar strength. Read more...

GBP/USD

Overview
Today last price 1.3926
Today Daily Change -0.0063
Today Daily Change % -0.45
Today daily open 1.3989
 
Trends
Daily SMA20 1.4144
Daily SMA50 1.4015
Daily SMA100 1.3935
Daily SMA200 1.3587
 
Levels
Previous Daily High 1.4133
Previous Daily Low 1.3983
Previous Weekly High 1.4191
Previous Weekly Low 1.4073
Previous Monthly High 1.4234
Previous Monthly Low 1.3801
Daily Fibonacci 38.2% 1.404
Daily Fibonacci 61.8% 1.4075
Daily Pivot Point S1 1.3937
Daily Pivot Point S2 1.3885
Daily Pivot Point S3 1.3787
Daily Pivot Point R1 1.4087
Daily Pivot Point R2 1.4185
Daily Pivot Point R3 1.4237

 

GBP/USD Forecast: Pressure mounts amid fundamental jitters weighing on pound

The GBP/USD pair traded as low as 1.3895 in the aftermath of a hawkish US Federal Reserve, now heading into the Asian opening trading at around 1.3900. The UK did not release macroeconomic figures that could add to the pound’s behaviour. Still, tensions surrounding the Northern Ireland Protocol undermine sterling´s demand. Read more...

GBP/USD: Gains are likely to be limited

GBPUSD finally broke the 100 month moving average at 1.4080/60 for a sell signal this week targeting 1.4025/15 & 1.3970/60. We bottomed exactly here but are likely to test the 100 day moving average at 1.3940/35, perhaps today. A break below 1.3925 risks a slide to 1.3880/70 & a.3840/30. Read more...

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