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

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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