Pound Sterling Price News and Forecast: GBP/USD regained traction after Friday's nearly 1% fall

GBP/USD Forecast: Dead cat bounce? Boris' problems and US economic strength may trigger more falls

Is this rise a GBP/USD selling opportunity? Even a dead cat bounces when it falls on the floor – and that pattern is what may be developing on the charts. US Treasury yields and especially returns on the benchmark 10-year bonds are dropping and dragging the dollar down with them. However, these falls are limited. 

The greenback is backed by a robust US economy that is moving at full speed. After Thursday's Gross Domestic Product figures showed an upbeat annualized expansion rate of 6.4%, Personal Income and Personal Spending statistics from March showed a leap that beat estimates. Read more...


GBP/USD outlook: Cable regained traction after Friday's nearly 1% fall, BoE eyed for fresh signals

Cable bounces from a two-week low (1.3800) posted after last Friday’s strong bearish acceleration that resulted in daily drop of 0.94% (the biggest one-day loss in 2021).

Fresh strength in the holiday-thinned market is partially attracted by this week’s daily cloud twist reduces immediate downside risk, although Friday’s massive bearish candle weighs. Daily techs lack clearer signals as moving averages are in mixed mode, 14-d momentum is ascending, stochastic is heading south, while RSI is in sideways mode in the neutral territory. Read more...


GBP/USD jumps back closer to mid-1.3800s, fresh session tops

The GBP/USD pair rallied around 45 pips during the early European session and refreshed daily tops, around the 1.3845 region in the last hour.

The pair staged a goodish rebound from the 1.3800 mark, or two-week lows touched earlier this Monday and has now recovered a part of the previous session's heavy losses. The uptick was exclusively sponsored by the emergence of some selling around the US dollar, though the UK political jitters might cap the upside for the GBP/USD pair. Read more...


Today last price 1.3876
Today Daily Change 0.0048
Today Daily Change % 0.35
Today daily open 1.3828
Daily SMA20 1.3844
Daily SMA50 1.3872
Daily SMA100 1.3762
Daily SMA200 1.3427
Previous Daily High 1.3958
Previous Daily Low 1.3803
Previous Weekly High 1.3976
Previous Weekly Low 1.3803
Previous Monthly High 1.4009
Previous Monthly Low 1.3669
Daily Fibonacci 38.2% 1.3862
Daily Fibonacci 61.8% 1.3899
Daily Pivot Point S1 1.3768
Daily Pivot Point S2 1.3707
Daily Pivot Point S3 1.3612
Daily Pivot Point R1 1.3923
Daily Pivot Point R2 1.4019
Daily Pivot Point R3 1.4079



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GBP/USD is trading above 1.4050, benefitting from the better market mood. Sterling is shrugging off worries about the spread of new virus variants, which may delay the reopening. US retail sales missed estimates, causing jitters. 


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