Pound Sterling Price News and Forecast: GBP/USD Struggling to find gains above 1.2400

FXStreet Team FXStreet

GBP/USD Struggling to find gains above 1.2400 despite broad-market risk-on bids

The GBP/USD is treading water just above the 1.2400 handle as the pair grapples with the top end of recent consolidation. The Pound Sterling (GBP) is struggling to hold onto gains chalked in against the US Dollar (USD) this week. Read More...

GBP/USD: Upside pressure mitigated below 1.2350 – UOB

In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, the upward bias could lose traction if GBP/USD breaks below 1.2350. Read More...

GBP/USD

Overview
Today last price	1.2434
Today Daily Change	0.0025
Today Daily Change %	0.20
Today daily open	1.2409

Trends
Daily SMA20	1.2248
Daily SMA50	1.2257
Daily SMA100	1.2511
Daily SMA200	1.2442

Levels
Previous Daily High	1.2456
Previous Daily Low	1.2376
Previous Weekly High	1.2429
Previous Weekly Low	1.2187
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2407
Daily Fibonacci 61.8%	1.2426
Daily Pivot Point S1	1.2372
Daily Pivot Point S2	1.2334
Daily Pivot Point S3	1.2292
Daily Pivot Point R1	1.2451
Daily Pivot Point R2	1.2493
Daily Pivot Point R3	1.2531

GBP/USD Price Analysis: Maintains position above 1.2400 supported by nine-day EMA

GBP/USD looks to extend its losses for the third consecutive day ahead of the Retail Sales data from the United Kingdom, trading around 1.2410 during the Asian session on Friday. The 1.2400 psychological level serves as immediate support, followed by the next support around 1.2350, which is aligned with the nine-day Exponential Moving Average (EMA) at the 1.2353 level. Read More...

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FXStreet Team

FXStreet

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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