Pound Sterling Price News and Forecast: GBP/USD recovery unlikely to last

FXStreet Team FXStreet

GBP/USD Forecast: Bullish bias stays intact ahead of key US data

GBP/USD has lost its bullish momentum and retreated below 1.1600 during the European trading hours on Thursday after having gained more than 300 pips in the last two days. The near-term technical outlook suggests that buyers look to retain control but the third-quarter Gross Domestic Product (GDP) data from the US is likely to drive the pair's action in the second half of the day. Read more...

GBP/USD: Recovery unlikely to last – ING

The British pound continues to enjoy a renaissance, but analysts at ING would argue that further gains will be harder to come by.

“The softer dollar environment means that the GBP/USD correction could extend to the 1.1750 area – but we doubt these gains last.” Read more...

GBP/USD could now test the 1.1760 level – UOB

GBP/USD remains firm and could extend the upside momentum to the 1.1760 region in the next weeks, suggest Market Strategist at UOB Group Quek Ser Leang and Economist Lee Sue Ann. Read more...

GBP/USD

Overview
Today last price	1.156
Today Daily Change	-0.0068
Today Daily Change %	-0.58
Today daily open	1.1628

Trends
Daily SMA20	1.1254
Daily SMA50	1.1392
Daily SMA100	1.1751
Daily SMA200	1.2386

Levels
Previous Daily High	1.1639
Previous Daily Low	1.1431
Previous Weekly High	1.144
Previous Weekly Low	1.106
Previous Monthly High	1.1738
Previous Monthly Low	1.0339
Daily Fibonacci 38.2%	1.1559
Daily Fibonacci 61.8%	1.151
Daily Pivot Point S1	1.1493
Daily Pivot Point S2	1.1358
Daily Pivot Point S3	1.1284
Daily Pivot Point R1	1.1701
Daily Pivot Point R2	1.1774
Daily Pivot Point R3	1.1909

Author

FXStreet Team

FXStreet

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