Pound Sterling Price News and Forecast: GBP/USD retreats from key resistance level as UK GDP looms

FXStreet Team FXStreet

GBP/USD retreats from key resistance level as UK GDP looms

GBP/USD clings to earlier gains, though it remains trading below the 1.2400 figure after testing the 200-day moving average (DMA) at 1.2433, but failure to clear it, exacerbated a pullback toward the 1.2370 area, almost flat. Read More...

Pound Sterling trades close to three-week high amid risk-on mood, UK GDP eyed

The Pound Sterling (GBP) looks set to deliver a fresh upside as the market mood is supportive for risk-sensitive assets. The GBP/USD pair is aiming for more upside as investors hope that the policy divergence between the Federal Reserve (Fed) and the Bank of England (BoE) will not widen further since they are both sufficiently restrictive to ensure price stability. Read More...

GBP/USD: A test of 1.2510 emerges on the horizon – UOB

The continuation of the upside bias could prompt GBP/USD to revisit the 1.2500 zone in the next few weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read More...

GBP/USD

Overview
Today last price	1.2361
Today Daily Change	-0.0018
Today Daily Change %	-0.15
Today daily open	1.2379

Trends
Daily SMA20	1.2191
Daily SMA50	1.2305
Daily SMA100	1.2547
Daily SMA200	1.2435

Levels
Previous Daily High	1.239
Previous Daily Low	1.2185
Previous Weekly High	1.239
Previous Weekly Low	1.209
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2311
Daily Fibonacci 61.8%	1.2263
Daily Pivot Point S1	1.2246
Daily Pivot Point S2	1.2113
Daily Pivot Point S3	1.2041
Daily Pivot Point R1	1.2451
Daily Pivot Point R2	1.2523
Daily Pivot Point R3	1.2656

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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