Pound Sterling Price News and Forecast: GBP/USD takes offers to extend pullback

FXStreet Team FXStreet

GBP/USD Price Analysis: Retreats from 1.2780 hurdle as BoE hawks step back ahead of US NFP

GBP/USD consolidates the first weekly gains in three while refreshing the intraday low near 1.2730 amid very early Friday morning in London. In doing so, the Cable pair justifies the market’s preparations for the all-important US employment report for June, as well as the reassessment of the hawkish bets on the Bank of England (BoE), not to forget the downbeat signals from the options market.

Technically, the Pound Sterling pair’s failure to defend the previous day’s recovery from the 100-Exponential Moving Average (EMA) joins sluggish MACD signals and a U-turn from a three-week-long horizontal resistance near 1.2770-80 to lure GBP/USD bears. Read more...

GBP/USD grinds higher past 1.2700 even as options market signals prod Cable bulls, US NFP eyed

GBP/USD holds onto the previous day’s upside momentum while picking up bids to 1.2745 amid the early hours of Friday’s Asian session. That said, the Pound Sterling pair marked a stellar move on Thursday while rising the most in more than a week to refresh a fortnight-high before paring some gains by the day’s end while reversing from 1.2781.

It’s worth noting that the market’s cautious mood ahead of the US employment report for June, including the Nonfarm Payrolls (NFP), could be held responsible for the Cable pair’s latest struggles. Adding to that is the latest downbeat print of the options market signal. Read more...

GBP/USD

Overview
Today last price	1.2728
Today Daily Change	-0.0012
Today Daily Change %	-0.09
Today daily open	1.274

Trends
Daily SMA20	1.2701
Daily SMA50	1.2569
Daily SMA100	1.2404
Daily SMA200	1.2149

Levels
Previous Daily High	1.2781
Previous Daily Low	1.2674
Previous Weekly High	1.276
Previous Weekly Low	1.2591
Previous Monthly High	1.2848
Previous Monthly Low	1.2369
Daily Fibonacci 38.2%	1.274
Daily Fibonacci 61.8%	1.2715
Daily Pivot Point S1	1.2682
Daily Pivot Point S2	1.2624
Daily Pivot Point S3	1.2575
Daily Pivot Point R1	1.2789
Daily Pivot Point R2	1.2839
Daily Pivot Point R3	1.2897

Author

FXStreet Team

FXStreet

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