Pound Sterling Price News and Forecast: GBP/USD surges toward 1.2700 on US Dollar weakness

FXStreet Team FXStreet

GBP/USD Price Analysis: Surges toward 1.2700 on US Dollar weakness

The Pound Sterling climbs sharply against the US Dollar as US Treasury bond yields remain unchanged, but the Greenback remains softer as it falls to a fresh two-day low, as depicted by the US Dollar Index (DXY). With the DXY dropping below 105.50, the GBP/USD rose and traded at 1.2691, up 0.40%. Read More...

Pound Sterling bounces back strongly despite BoE signals rate-cut ahead

The Pound Sterling (GBP) gains ground against the US Dollar (USD) and trades around 1.2680 in Monday’s early New York session after facing a sharp sell-off last week. The GBP/USD pair rebounds as the upside move in the US Dollar Index (DXY), which tracks the Greenback’s value against six major peers, appears to have paused and struggles to extend upside above the immediate resistance of 106.00. Read More...

GBP/USD bears flirt with 100-day SMA, retain control near the lowest level since mid-May

The GBP/USD pair kicks off the new week on a subdued note and remains well within the striking distance of its lowest level since mid-May touched on Friday. Spot prices currently trade around the 1.2635 area, with bears awaiting a sustained break and acceptance below the 100-day Simple Moving Average (SMA) before positioning for an extension of the recent pullback from a multi-month peak. Read More...

GBP/USD

Overview
Today last price	1.2682
Today Daily Change	0.0038
Today Daily Change %	0.30
Today daily open	1.2644

Trends
Daily SMA20	1.2737
Daily SMA50	1.2624
Daily SMA100	1.264
Daily SMA200	1.2556

Levels
Previous Daily High	1.2676
Previous Daily Low	1.2623
Previous Weekly High	1.274
Previous Weekly Low	1.2623
Previous Monthly High	1.2801
Previous Monthly Low	1.2446
Daily Fibonacci 38.2%	1.2643
Daily Fibonacci 61.8%	1.2656
Daily Pivot Point S1	1.2619
Daily Pivot Point S2	1.2594
Daily Pivot Point S3	1.2565
Daily Pivot Point R1	1.2672
Daily Pivot Point R2	1.2701
Daily Pivot Point R3	1.2726

Author

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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