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

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

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 Daily chart

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...

fxsoriginal

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 price1.2229
Today Daily Change-0.0059
Today Daily Change %-0.48
Today daily open1.2288
 
Trends
Daily SMA201.2071
Daily SMA501.2148
Daily SMA1001.2084
Daily SMA2001.1893
 
Levels
Previous Daily High1.2344
Previous Daily Low1.2262
Previous Weekly High1.2204
Previous Weekly Low1.201
Previous Monthly High1.2402
Previous Monthly Low1.1915
Daily Fibonacci 38.2%1.2312
Daily Fibonacci 61.8%1.2293
Daily Pivot Point S11.2252
Daily Pivot Point S21.2216
Daily Pivot Point S31.217
Daily Pivot Point R11.2334
Daily Pivot Point R21.2379
Daily Pivot Point R31.2415

Author

FXStreet Team

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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