Pound Sterling Price News and Forecast: GBP/USD stabilizes above 1.2300

FXStreet Team FXStreet

GBP/USD stabilizes above 1.2300 after strong US-UK data, as US ceiling talks continued

GBP/USD regained some composture past the mid-North American session and bounced off the weekly lows, clinging above the 1.2300 figure amidst a week that witnessed solid US and UK data. Therefore, the GBP/USD stays positive in the day, gains 0.19%, and trades around 1.2340s. Read More...

GBP/USD: Recovery runs out of steam near the 1.2400 hurdle

The British pound regains poise and motivates GBP/USD to reclaim ground lost and advance to the vicinity of the 1.2400 mark at the end of the week. Read More...

GBP/USD clings to gains above 1.2350, lacks follow-through ahead of US PCE Price Index

The GBP/USD pair gains some positive traction on Friday and snaps a three-day losing streak to the 1.2300 neighbourhood, or its lowest level since early April touched the previous day. Spot prices stick to intraday gains through the first half of the European session and currently trade around the 1.2360 region, up over 0.30% for the day. Read More...

GBP/USD

Overview
Today last price	1.235
Today Daily Change	0.0029
Today Daily Change %	0.24
Today daily open	1.2321

Trends
Daily SMA20	1.2501
Daily SMA50	1.2432
Daily SMA100	1.2285
Daily SMA200	1.1976

Levels
Previous Daily High	1.2387
Previous Daily Low	1.2308
Previous Weekly High	1.2547
Previous Weekly Low	1.2392
Previous Monthly High	1.2584
Previous Monthly Low	1.2275
Daily Fibonacci 38.2%	1.2338
Daily Fibonacci 61.8%	1.2357
Daily Pivot Point S1	1.229
Daily Pivot Point S2	1.226
Daily Pivot Point S3	1.2211
Daily Pivot Point R1	1.237
Daily Pivot Point R2	1.2418
Daily Pivot Point R3	1.2449

Author

FXStreet Team

FXStreet

EUR/USD slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold surges on safe-haven demand, rises above $5,400

Gold benefits from intense risk-aversion on Monday and climbs above $5,400, setting a fresh monthly-high in the process. Tensions in the Middle East remain high as Israel and Hezbollah continue to exchange strikes following the US-Israel joint attack on Iran over the weekend.

Bitcoin, Ethereum and Ripple under pressure as key supports face breakdown risk

Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.