Pound Sterling Price News and Forecast: GBP/USD steady around 1.3650 amid a mixed market sentiment


GBP/USD steady around 1.3650 amid a mixed market sentiment

GBP/USD climbs around this week’s tops 1.3670’s area, on broad US dollar selling pressure. Inflationary pressures threaten to derail the economic recovery. UK GDP for August increased by 6.9%, better than expected. US CPI rose to 5.4%, the highest gain since 2008. During the New York session, the British pound advances almost half percent, trading at 1.3651 at the time of writing. The market sentiment is mixed, as US equity indexes seesaw between gains and losses. Read more...

GBP/USD

Overview
Today last price 1.3668
Today Daily Change 0.0080
Today Daily Change % 0.59
Today daily open 1.3588
 
Trends
Daily SMA20 1.3632
Daily SMA50 1.3731
Daily SMA100 1.3834
Daily SMA200 1.3844
 
Levels
Previous Daily High 1.3638
Previous Daily Low 1.3568
Previous Weekly High 1.3659
Previous Weekly Low 1.3532
Previous Monthly High 1.3913
Previous Monthly Low 1.3412
Daily Fibonacci 38.2% 1.3595
Daily Fibonacci 61.8% 1.3611
Daily Pivot Point S1 1.3559
Daily Pivot Point S2 1.3529
Daily Pivot Point S3 1.349
Daily Pivot Point R1 1.3628
Daily Pivot Point R2 1.3667
Daily Pivot Point R3 1.3697

 

GBP/USD Forecast: British pound showing signs of life on renewed Brexit optimism

GBP/USD has regained its traction in the European session. EU will reportedly ready offer fewer N. Ireland border checks on UK goods. Investors largely ignored mixed data releases from UK. The British pound suffered small losses in the first two trading days of the week but seems to have started to shake off the cobwebs on renewed Brexit optimism. Read more...

GBP/USD forms bullish flag pattern ahead of UK data

The GBPUSD price was little changed ahead of the upcoming UK GDP data. It is trading at 1.3582, which was slightly above the lower side of the ascending channel. The pair has moved to the 25-day moving average. It has also formed a bullish flag pattern. Meanwhile, the MACD and the Relative Strength Index (RSI) are at the neutral level. Therefore, the pair will likely rebound later today as bulls target the upper side of the channel. Read more...

 

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