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Pound Sterling Price News and Forecast: GBP/USD remains on the way to second weekly loss

GBP/USD steadies around 1.3350 amid Brexit hopes, eyes on Ukraine, US NFP

GBP/USD bears took a breather around 1.3345-50 amid Brexit optimism during early Friday morning in Asia. Even so, the cable pair remains on the back foot for the second consecutive week as the US dollar cheers cautious mood in the market, mainly due to the Ukraine-Russia standoff and chatters over the Fed’s 0.50% rate hike in March.

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GBP/USD

Overview
Today last price1.3323
Today Daily Change-0.0016
Today Daily Change %-0.12
Today daily open1.3339
 
Trends
Daily SMA201.3507
Daily SMA501.3526
Daily SMA1001.3491
Daily SMA2001.3658
 
Levels
Previous Daily High1.3418
Previous Daily Low1.3318
Previous Weekly High1.3638
Previous Weekly Low1.3273
Previous Monthly High1.3644
Previous Monthly Low1.3273
Daily Fibonacci 38.2%1.3356
Daily Fibonacci 61.8%1.338
Daily Pivot Point S11.3298
Daily Pivot Point S21.3258
Daily Pivot Point S31.3198
Daily Pivot Point R11.3399
Daily Pivot Point R21.3459
Daily Pivot Point R31.3499

 

GBP/USD Forecast: Technical outlook favors bears despite Wednesday's rebound

The British pound has capitalized on risk flows late Wednesday and the GBP/USD has managed to close in the positive territory. The souring market mood on Thursday is not allowing the pair to build on Wednesday's gains and the technical outlook shows that buyers are struggling to retain control of the action.

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