Pound Sterling Price News and Forecast: GBP/USD retreats above 1.3900, fades recovery from two-month low


GBP/USD bulls search fresh clues to cross 100-DMA hurdle

GBP/USD bulls take a breather around 1.3925, following the heaviest rebound in two months, amid Tuesday’s Asian session. The cable pair benefited from the risk-on mood the previous day while the latest inaction could be linked to mixed headlines from the Fed and concerning the UK’s covid conditions, as well as cautious sentiment ahead of the key data/events.

Read More ...

GBP/USD

Overview
Today last price 1.3908
Today Daily Change -0.0026
Today Daily Change % -0.19
Today daily open 1.3934
 
Trends
Daily SMA20 1.4103
Daily SMA50 1.4025
Daily SMA100 1.394
Daily SMA200 1.3603
 
Levels
Previous Daily High 1.3937
Previous Daily Low 1.3787
Previous Weekly High 1.4133
Previous Weekly Low 1.3792
Previous Monthly High 1.4234
Previous Monthly Low 1.3801
Daily Fibonacci 38.2% 1.388
Daily Fibonacci 61.8% 1.3844
Daily Pivot Point S1 1.3835
Daily Pivot Point S2 1.3735
Daily Pivot Point S3 1.3684
Daily Pivot Point R1 1.3985
Daily Pivot Point R2 1.4036
Daily Pivot Point R3 1.4135

 

Sterling surge leads FX higher, dollar pauses, stocks rebound

Sterling staged a rebound off mid-April 2021 lows at 1.37844 to 1.3930 NY close. The British Pound had slumped from a high last week at 1.4185 on broad-based USD strength following the FOMC announcement. GBP/USD hit an overnight high at 1.39368.

Read More ...

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD: Portrays bearish set-up on D1 below 1.1900

EUR/USD edges lower around 1.1870 amid a quiet start to the week’s Asian session trading on Monday. The major currency pair snapped a four-day uptrend on Friday, posting the bearish spinning top candlestick.

EUR/USD News

GBP/USD: The fundamental background backs another leg higher

The GBP/USD pair settled at 1.3900, its best weekly close since early May. The pair eased on Friday as month-end flows helped the greenback to recover some of the ground lost post-Fed’s dovish statement. Cable could fall once below 1.3865, buyers could surge on approaches to 1.3800.

GBP/USD News

Gold bulls hesitate as focus shift to NFP

After closing the previous week in the negative territory, gold stayed on the back foot on Monday and dropped below $1,800. However, the subdued market action ahead of key macroeconomic events allowed the precious metal to stay in a consolidation phase on Tuesday.

Gold News

Shiba gets listed on eToro as demand for SHIB skyrockets

Leading investment platform eToro has been adding cryptocurrency assets on popular demand from users. The Dogecoin killer recently amassed 600,000 holders despite range-bound price action. 

Read more

Challenging week ahead

Three macro considerations are shaping the investment climate: the evolution of the virus and the response, the timeframe of the Fed's tapering, and China's broad regulatory crackdown. Beijing's new policy initiatives are broader and quicker than generally anticipated.

Read more

Forex MAJORS

Cryptocurrencies

Signatures