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.

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