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 keeps the offered stance just above 1.1700

EUR/USD is coming under heavy selling pressure in what has been a rather grim start to the new trading week, with the pair now trading close to the 1.1700 support area as the US Dollar stages a solid rebound. The prevailing flight to safety mood continues to favour the Greenback, as investors react to the escalating conflict in the Middle East and trim risk exposure across the board.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold battles to retain the positive momentum

Gold now surrenders part of the earlier advance past the $5,400 mark per troy ounce at the beginning of the week. Indeed, the precious metal’s strong uptick remains fuelled by increasing geopolitical tensions in the Middle East amid the intense demand for safer assets.