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Pound Sterling Price News and Forecast: GBP/USD stalls at around 1.2420 firm on solid USD, mixed sentiment

Pound Sterling Price News and Forecast: GBP/USD stalls at around 1.2420 firm on solid USD, mixed sentiment
FXStreet TeamFXStreet TeamFXStreet

GBP/USD stalls at around 1.2420 firm on solid USD, mixed sentiment

GBP/USD hovers around the 1.2420s area after traveling around a 60-pip range on Tuesday, capped by the lack of economic data from the United States (US) and mixed market sentiment. Factors linked to US bond yields and the greenback, weighed on the Pound Sterling (GBP), set to register back-to-back days of losses. At the time of writing, the GBP/USD is trading at 1.2420. Read More...
GBP/USD Daily chart

GBP/USD slides back closer to 1.2400 amid reviving USD demand, downside seems limited

The GBP/USD pair struggles to capitalize on the previous day's goodish rebound of over 70 pips and attracts fresh sellers near the 1.2455-1.2460 region, or the 50-day Simple Moving Average (SMA), on Tuesday. Spot prices turn lower for the third straight day and trade just above the 1.2400 round-figure mark during the first half of the European session. Read More....

GBP/USD struggles to surpass 1.2450, upside seems favored despite hawkish Fed bets improve

The GBP/USD pair has witnessed delicate barricades after climbing to near 1.2450 in the early European session. The Cable is expected to remain on tenterhooks as the USD Dollar Index (DXY) has attempted a recovery after dropping to near 103.81. More downside for the US Dollar Index (DXY) seems solid as the United States economy is moving towards recession. Read More...

GBP/USD

Overview
Today last price1.243
Today Daily Change-0.0012
Today Daily Change %-0.10
Today daily open1.2442
 
Trends
Daily SMA201.2454
Daily SMA501.2456
Daily SMA1001.2303
Daily SMA2001.1998
 
Levels
Previous Daily High1.246
Previous Daily Low1.2369
Previous Weekly High1.2545
Previous Weekly Low1.2327
Previous Monthly High1.268
Previous Monthly Low1.2308
Daily Fibonacci 38.2%1.2403
Daily Fibonacci 61.8%1.2425
Daily Pivot Point S11.2387
Daily Pivot Point S21.2332
Daily Pivot Point S31.2296
Daily Pivot Point R11.2478
Daily Pivot Point R21.2514
Daily Pivot Point R31.2569

Author

FXStreet Team

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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