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Pound Sterling Price News and Forecast: GBP/USD succumbs as market players buy US Dollars on weekly

GBP/USD succumbs as market players buy US Dollars on weekly, quarter, and monthly-end flows

The Pound Sterling (GBP) traded with decent losses in the mid-North American session, pressured by a resurgence of the US Dollar (USD), trimming its Thursday’s losses. Although inflation data could spur a pivot in the US Federal Reserve (Fed) policy stance, market participants buy the US Dollar as the weekly, monthly, and quarter-end looms. At the time of writing, the GBP/USD is trading at 1.2331. Read More...
GBP/USD Daily chart

GBP/USD recovers modest intraday losses post-US PCE Price Index, flat-lines below 1.2300

The GBP/USD pair reverses a dip to the 1.2355-1.2350 region and trades in the neutral territory during the early North American session on Friday. The pair, however, remains below over a two-month high touched this Friday and is currently placed around the 1.2380-1.2385 zone, nearly unchanged for the day. Read More...
 

GBP/USD holds above mid-1.2300s ahead of US PCE Price Index, touching range high

The GBP/USD pair comes under some selling pressure after touching over a two-month high, around the 1.2420-1.2425 area on Friday and maintains its offered tone through the first half of the European session. The pair is currently placed near the lower end of its daily trading range, around the 1.2370-1.2365 zone, down nearly 0.15% for the day. Read More...

GBP/USD

Overview
Today last price1.2332
Today Daily Change-0.0056
Today Daily Change %-0.45
Today daily open1.2388
 
Trends
Daily SMA201.2149
Daily SMA501.215
Daily SMA1001.2125
Daily SMA2001.1895
 
Levels
Previous Daily High1.2393
Previous Daily Low1.2294
Previous Weekly High1.2344
Previous Weekly Low1.2167
Previous Monthly High1.2402
Previous Monthly Low1.1915
Daily Fibonacci 38.2%1.2355
Daily Fibonacci 61.8%1.2332
Daily Pivot Point S11.2324
Daily Pivot Point S21.2259
Daily Pivot Point S31.2225
Daily Pivot Point R11.2423
Daily Pivot Point R21.2458
Daily Pivot Point R31.2522

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