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Pound Sterling Price News and Forecast: GBP/USD sees pullback from 9-month high

GBP/USD sees pullback from 9-month high as US jobs data deteriorated

The Pound Sterling (GBP) pullback from a 9-month high against the US Dollar (USD) on Tuesday dropped below the 1.2500 figure due to the buck’s renewed strength. The labor market in the United States (US) continues to deteriorate, painting a gloomy scenario for the US economy. The GBP/USD is trading at 1.2422 after hitting a high of 1.2486. Read More...
GBP/USD Daily chart

GBP/USD struggles for a firm intraday direction, flat-lines above mid-1.2400s

The GBP/USD pair attracts some dip-buying near the 1.2435 region on Thursday and for now, seems to have stalled this week's modest pullback from its highest level since June 2022. Spot prices climb nearly 50 pips from the daily low, albeit lacks follow-through and trade in neutral territory, around the 1.2465 zone during the early part of the European session. Read More...

GBP/USD declines towards 1.2400 as geopolitical tensions dampen market mood, US NFP eyed

The GBP/USD pair is hovering near Wednesday’s low at 1.2440 in the Asian session. The Cable is expected to extend its downside journey as geopolitical tensions between the United States and China over Taiwan have dampened the overall market mood. China’s retaliation over arms support to Taiwan by the US might result in some restrictions on exports from China to the US. Read More...

GBP/USD

Overview
Today last price1.244
Today Daily Change-0.0022
Today Daily Change %-0.18
Today daily open1.2462
 
Trends
Daily SMA201.2248
Daily SMA501.2155
Daily SMA1001.2148
Daily SMA2001.1899
 
Levels
Previous Daily High1.2514
Previous Daily Low1.2433
Previous Weekly High1.2424
Previous Weekly Low1.2219
Previous Monthly High1.2424
Previous Monthly Low1.1803
Daily Fibonacci 38.2%1.2464
Daily Fibonacci 61.8%1.2483
Daily Pivot Point S11.2425
Daily Pivot Point S21.2388
Daily Pivot Point S31.2344
Daily Pivot Point R11.2506
Daily Pivot Point R21.2551
Daily Pivot Point R31.2588
 

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