Pound Sterling Price News and Forecast: GBP/USD surrenders ground after 200-MA curbs rally [Video]

GBP/USD reversal targeting 1.3168 weekly support? [Video]

Watch the video for a summary of this week’s news releases, a review of the USD index, and a complete top down analysis of the GBPUSD. Review my previous GBPUSD analysis here. Weekly support at 1.3168, resistance at 1.3571 and 1.3602. Weekly chart is in a downtrend showing lower tops and bottoms. Price has rallied and then reversed at the 79% fib retracement level. Is a further lower top now forming on the weekly chart? Read more...


Technical analysis: GBP/USD surrenders ground after 200-MA curbs rally

GBPUSD has retraced nearly 50 percent of the three-week rally that began around the 1.3200 handle, but negative forces are diminishing as the drop approaches the lower Bollinger band at 1.3428. The longer-term simple moving averages (SMAs) continue to endorse a broader bearish trajectory in the pair.

The short-term oscillators are tilting more to the downside despite the stochastic oscillator signalling some weakness in bearish pressures. The MACD, in the positive region, is distancing itself beneath its red trigger line, while the RSI is sliding lower in the negative zone. As said, the stochastic lines are attempting to come back from oversold territory, hinting that buyers are fighting back. Read more...


GBP/USD struggles to gain any meaningful traction, stuck in a range below 1.3500 mark

The GBP/USD pair seesawed between tepid gains/minor losses through the first half of the European session and remained confined in a range below the key 1.3500 psychological mark.

A combination of negative factors failed to assist the GBP/USD pair to gain any traction or capitalize on the overnight recovery move from a three-week low, around the 1.3440 region. Growing demand for UK Prime Minister Boris Johnson's resignation over a series of lockdown parties in Downing Street acted as a headwind for the British pound. Apart from this, modest US dollar strength capped upside for the major. Read more...


Today last price 1.3446
Today Daily Change -0.0041
Today Daily Change % -0.30
Today daily open 1.3487
Daily SMA20 1.357
Daily SMA50 1.3421
Daily SMA100 1.354
Daily SMA200 1.373
Previous Daily High 1.3566
Previous Daily Low 1.344
Previous Weekly High 1.369
Previous Weekly Low 1.3546
Previous Monthly High 1.355
Previous Monthly Low 1.3161
Daily Fibonacci 38.2% 1.3488
Daily Fibonacci 61.8% 1.3518
Daily Pivot Point S1 1.343
Daily Pivot Point S2 1.3372
Daily Pivot Point S3 1.3304
Daily Pivot Point R1 1.3555
Daily Pivot Point R2 1.3623
Daily Pivot Point R3 1.368


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