Pound Sterling Price News and Forecast: GBP/USD recedes and consolidates around 1.2230

FXStreet Team FXStreet

GBP/USD recedes and consolidates around1.2230 on mixed UK data, strong US Dollar

GBP/USD finished the week on a lower note after it reached 1.234, the high of the week, but retreated as sentiment dampened. On Friday, the GBP/USD is trading at 1.2228, retracing 0.47% at the time of typing. Read More...

GBP/USD Price Analysis: Shows some resilience below 1.2200, 50 DMA holds the key for bulls

The GBP/USD pair comes under intense selling pressure on Friday and extends the overnight retracement slide from the vicinity of mid-1.2300s, or its highest level since February. Spot prices, however, manage to rebound a few pips from the daily low and trade above the 1.2200 mark during the early North American session, still down nearly 0.60% for the day. Read More...

GBP/USD corrects further from multi-week high, drops closer to 1.2200 on weaker UK PMIs

The GBP/USD pair comes under heavy selling pressure on the last day of the week and retreats further from its highest level since early February, around the 1.2340-1.2345 region touched on Thursday. The selling bias remains unabated through the first half of the European session and drags spot prices back closer to the 1.2200 mark in the last hour. Read More...

GBP/USD

Overview
Today last price	1.2229
Today Daily Change	-0.0059
Today Daily Change %	-0.48
Today daily open	1.2288

Trends
Daily SMA20	1.2071
Daily SMA50	1.2148
Daily SMA100	1.2084
Daily SMA200	1.1893

Levels
Previous Daily High	1.2344
Previous Daily Low	1.2262
Previous Weekly High	1.2204
Previous Weekly Low	1.201
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.2312
Daily Fibonacci 61.8%	1.2293
Daily Pivot Point S1	1.2252
Daily Pivot Point S2	1.2216
Daily Pivot Point S3	1.217
Daily Pivot Point R1	1.2334
Daily Pivot Point R2	1.2379
Daily Pivot Point R3	1.2415

Author

FXStreet Team

FXStreet

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