Pound Sterling Price News and Forecast: GBP/USD Price Analysis: Doji candlesticks around 1.2430

FXStreet Team FXStreet

GBP/USD Price Analysis: Doji candlesticks around 1.2430 flashes bulls/bears’ indecision

After a tranche of UK and US economic data, GBP/USD stays in sideways choppy trading, keeping the pair scrambling for direction following the last three days of uncertainty. From a technical perspective, three doji’s in a row suggests neither buyers’ nor sellers’ commitment to open fresh positions. Hence, GBP/USD is trading at 1.2439 after printing a low at 1.2367, below the 20-day Exponential Moving Average (EMA). Read More...

GBP/USD pares intraday losses, down a little around 1.2420 ahead of US PMIs

The GBP/USD pair stalls its intraday decline near the 1.2375 region and recovers over 40 pips from a three-day low touched earlier this Friday. Spot prices, however, keep the red through the early North American session and currently trade around the 1.2415-1.2420 area, still down nearly 0.20% for the day. Read More...

GBP/USD seen trading within 1.2345-1.2510 – UOB

In the opinion of UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, GBP/USD is expected to trade within the 1.2345-1.2510 range in the next few weeks. Read More...

GBP/USD

Overview
Today last price	1.2444
Today Daily Change	0.0001
Today Daily Change %	0.01
Today daily open	1.2443

Trends
Daily SMA20	1.2402
Daily SMA50	1.2202
Daily SMA100	1.2196
Daily SMA200	1.1924

Levels
Previous Daily High	1.2468
Previous Daily Low	1.2405
Previous Weekly High	1.2546
Previous Weekly Low	1.2344
Previous Monthly High	1.2424
Previous Monthly Low	1.1803
Daily Fibonacci 38.2%	1.2444
Daily Fibonacci 61.8%	1.2429
Daily Pivot Point S1	1.2409
Daily Pivot Point S2	1.2375
Daily Pivot Point S3	1.2346
Daily Pivot Point R1	1.2473
Daily Pivot Point R2	1.2502
Daily Pivot Point R3	1.2536

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD extends slide below 1.1700

The EUR/USD pair nears its weekly low at around 1.1660 in the American session on Tuesday, retreating from the 1.1750 price zone tested earlier in the day. Cautiously optimistic markets support the US Dollar in the near term.

GBP/USD retreats from three-month-high, pierces 1.3500

GBP/USD extends its intraday slide and trades in the red just below 1.3500 after setting a new three-month-high near 1.3570. Ahead of this week's key employment data releases from the US, markets recover the good mood.

Gold extends its advance aims to recover hte $4,500 mark

Gold eases from the weekly high it set at $4,475 but clings to modest gains above $4,450 in the second half of the day on Tuesday. While a rebound in the US Dollar caps the yellow metal's upside, heightened political tensions allow XAU/USD to keep its footing.

Crypto Today: Bitcoin, Ethereum, XRP uptrend cools amid surging ETF inflows

Bitcoin is retracing toward support at $93,000 at the time of writing on Tuesday, after reaching a previous day’s high of $94,789. Ethereum and Ripple uptrend has cooled after several days of persistent gains, suggesting potential profit-taking.

Implications of US intervention in Venezuela

Events in Venezuela are top of mind for market participants, and while developments are associated with an elevated degree of uncertainty, we are not making any changes to our markets or economic forecasts as a result of the deposition of Nicolás Maduro.

Cardano holds steady as bulls intensify push for breakout

Cardano rises above the 50-day EMA resistance amid a risk-on mood across the crypto market. The MACD upholds positive divergence, increasing the potential for a 20% breakout to $0.505.