Pound Sterling Price News and Forecast: GBP/USD remains muted


GBP/USD remains defensive below 1.3850, UK job data eyed

GBP/USD extends the previous day’s sluggish momentum and trades quietly on Tuesday morning. After testing the high of 1.3888 on Friday, the pair continued to remain submissive near 1.3850.

The sterling has been influenced by a combination of other factors ranging from risk appetite to covid and Brexit headlines, despite the surprise call from the Bank of England (BOE).

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GBP/USD

Overview
Today last price

1.3844

Today Daily Change 0.0004
Today Daily Change % 0.03
Today daily open 1.384
 
Trends
Daily SMA20 1.3767
Daily SMA50 1.3807
Daily SMA100 1.3917
Daily SMA200 1.3827
 
Levels
Previous Daily High 1.3851
Previous Daily Low 1.3797
Previous Weekly High 1.3889
Previous Weekly Low 1.3726
Previous Monthly High 1.3958
Previous Monthly Low 1.3602
Daily Fibonacci 38.2% 1.3831
Daily Fibonacci 61.8% 1.3818
Daily Pivot Point S1 1.3808
Daily Pivot Point S2 1.3776
Daily Pivot Point S3 1.3754
Daily Pivot Point R1 1.3862
Daily Pivot Point R2 1.3884
Daily Pivot Point R3 1.3916

 

GBP/USD Price Analysis: 200-DMA defends bulls inside triangle, UK employment eyed

GBP/USD repeats the old tunes above 1.3800, remains sidelined around 1.3840 during Tuesday’s Asian session. In doing so, the cable pair seesaws inside a seven-week-old symmetrical triangle.

It should be noted, however, that the quote ability to stay above 200-DMA as it inches closer to the breakout keeps buyers hopeful. Also backing the upside hopes is the firmer Momentum line.

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