Pound Sterling Price News and Forecast: GBP/USD stumbles putting key support level at risk around 1.2000

FXStreet Team FXStreet

GBP/USD stumbles putting key support level at risk around 1.2000 with bears lurking the 100-DMA

GBP/USD snaps three straight days of gains and drops as it tested the 50-day Exponential Moving Average (EMA) at 1.2126, as UK economic data showed the economy did not grow, while consumer sentiment in the US improved. At the time of writing, the GBP/USD exchanges hands at 1.2055. Read More...

GBP/USD is expected to trade within 1.2015-1.2260 – UOB

GBP/USD seems to have now moved into a consolidative phase, likely between 1.2015 and 1.2260, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...

GBP/USD remains depressed near 1.2100 mark, moves little post-UK macro data

The GBP/USD pair extends the previous day's retracement slide from the vicinity of the 1.2200 mark, or the weekly high and remains under some selling pressure on Friday. Spot prices languish around the 1.2100 mark through the early European session and react little to the latest UK macro data. Read More...

GBP/USD

Overview
Today last price	1.2053
Today Daily Change	-0.0063
Today Daily Change %	-0.52
Today daily open	1.2116

Trends
Daily SMA20	1.2266
Daily SMA50	1.2191
Daily SMA100	1.1833
Daily SMA200	1.1947

Levels
Previous Daily High	1.2194
Previous Daily Low	1.2057
Previous Weekly High	1.2418
Previous Weekly Low	1.205
Previous Monthly High	1.2448
Previous Monthly Low	1.1841
Daily Fibonacci 38.2%	1.2142
Daily Fibonacci 61.8%	1.2109
Daily Pivot Point S1	1.2051
Daily Pivot Point S2	1.1986
Daily Pivot Point S3	1.1914
Daily Pivot Point R1	1.2188
Daily Pivot Point R2	1.2259
Daily Pivot Point R3	1.2325

Author

FXStreet Team

FXStreet

EUR/USD looks sidelined below 1.1600

EUR/USD remains on the back foot in the latter part of the NA session on Thursday, now attempting a consolidative theme in the sub-1.1600 region. A more cautious market mood, driven by the escalating conflict in the Middle East, together with broad-based strength in the US Dollar, is favouring the continuation of the leg lower in spot.

GBP/USD stays offered near 1.3340

GBP/USD fades Wednesday’s uptick and trades with decent losses in the 1.3340 zone in the latter part of Thursday’s session. Cable’s weakness, alongside the rest of the risk complex, follows the strong performance of the Greenback amid intense geopolitical jitters.

Gold: further weakness could challenge $5,000

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Crypto Today: Bitcoin, Ethereum, XRP hold weekly gains despite US-Iran war

The cryptocurrency market is gaining strength on Thursday, building on Wednesday's upswing, which saw Bitcoin reach a weekly high above $74,000. Ethereum and Ripple are moderating their recent gains amid uncertainty stemming from the escalating war in the Middle East.

Two PMIs, two Chinas

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Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.