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

FXStreet Team FXStreet

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.

GBP/USD

Overview
Today last price	1.3323
Today Daily Change	-0.0016
Today Daily Change %	-0.12
Today daily open	1.3339

Trends
Daily SMA20	1.3507
Daily SMA50	1.3526
Daily SMA100	1.3491
Daily SMA200	1.3658

Levels
Previous Daily High	1.3418
Previous Daily Low	1.3318
Previous Weekly High	1.3638
Previous Weekly Low	1.3273
Previous Monthly High	1.3644
Previous Monthly Low	1.3273
Daily Fibonacci 38.2%	1.3356
Daily Fibonacci 61.8%	1.338
Daily Pivot Point S1	1.3298
Daily Pivot Point S2	1.3258
Daily Pivot Point S3	1.3198
Daily Pivot Point R1	1.3399
Daily Pivot Point R2	1.3459
Daily Pivot Point R3	1.3499

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.

EUR/USD eyes nine-day EMA barrier after rebounding from 1.1600

EUR/USD gains ground after registering modest losses in the previous session, trading around 1.1620 during the Asian hours on Friday. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair remains within the descending channel pattern.

GBP/USD: Pound Sterling ticks up against US Dollar in countdown to US NFP

The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States Nonfarm Payrolls data for February, which will be published at 13:30 GMT.

Gold awaits US Nonfarm Payrolls for a clear directional impetus

Gold rebounds above $5,100 early Friday after testing the $5,050 level amid global sell-off. The US Dollar pulls back as profit-taking creeps in ahead of US labor data. For February. 21-day SMA holds amid bullish RSI; a daily closing above 61.8% Fibo is critical for Gold buyers.

Top Crypto Gainers: Lombard, Humanity Protocol, OKB rally on US Fed’s tokenized securities clarity, NYSE investment

Lombard, Humanity Protocol, and OKB rally over the last 24 hours, securing the top-gainer spots in the early Asian session. The US Federal Reserve issued clarity on tokenized securities, which expands its utility and reduces regulatory friction with US banks, driving the Real-World Assets tokenization crypto projects.

The market compass is pointing at a barrel of Oil

The Asian open is arriving with equities leaning the wrong way, and the reason is not complicated. The market’s compass needle has snapped firmly toward crude. In this tape, oil is not just another input price; it is the gravitational center around which every asset class is orbiting.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.