Pound Sterling Price News and Forecast: GBP/USD struggles to extend week-start rebound


GBP/USD hovers around 1.3250 as bulls doubt Brexit, BOE positives

GBP/USD treads water around 1.3255-60 during the early Asian session on Tuesday, following a positive daily performance. The cable pair fades the recovery strength as sluggish market sentiment and a lack of major catalysts challenge the buyers’ previous optimism surrounding Brexit and the Bank of England’s (BOE) next move. 

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GBP/USD

Overview
Today last price 1.3262
Today Daily Change 0.0006
Today Daily Change % 0.05
Today daily open 1.3256
 
Trends
Daily SMA20 1.3373
Daily SMA50 1.3539
Daily SMA100 1.3664
Daily SMA200 1.3798
 
Levels
Previous Daily High 1.3287
Previous Daily Low 1.322
Previous Weekly High 1.3371
Previous Weekly Low 1.3194
Previous Monthly High 1.3698
Previous Monthly Low 1.3194
Daily Fibonacci 38.2% 1.3261
Daily Fibonacci 61.8% 1.3246
Daily Pivot Point S1 1.3222
Daily Pivot Point S2 1.3188
Daily Pivot Point S3 1.3156
Daily Pivot Point R1 1.3288
Daily Pivot Point R2 1.332
Daily Pivot Point R3 1.3354

 

Trading short GBP/USD, Omicron threat to NZD and AUD, DJI recovering [Video]

Despite a bad headline Non-Farm Payroll report last week, the actual details we much better than predicted with an Unemployment Rate of 4.2% and a very good US Services PMI number so the USD is getting stronger. This good news means that the US Federal Reserve can look again at tapering and raising Interest Rates earlier which makes USD stronger.

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