Pound Sterling Price News and Forecast: GBP/USD technical bias remains bearish while below 1.2400

FXStreet Team FXStreet

GBP/USD technical bias remains bearish while below 1.2400

GBP/USD is higher on the day having traded up to 1.2377 in recent trade while the US dollar tails off and gives flight to risky assets and risk-on forex such as GBP. The Great British Pound rallied from a low of 1.2312 as interest rate sentiment for the Bank of England continues to support the currency despite the bearish technical developments on the charts. Read More...

GBP/USD struggles for a firm intraday direction, stuck in a range below mid-1.2300s

The GBP/USD pair finds some support ahead of the 1.2300 round figure on Thursday and for now, seems to have stalled the previous day's pullback from its highest level since December 14. The pair, however, struggles to gain any meaningful traction and remains confined in a range below mid-1.2300s through the mid-European session. Read More...

GBP/USD

Overview
Today last price	1.2378
Today Daily Change	0.0040
Today Daily Change %	0.32
Today daily open	1.2338

Trends
Daily SMA20	1.2108
Daily SMA50	1.2086
Daily SMA100	1.1707
Daily SMA200	1.1985

Levels
Previous Daily High	1.2436
Previous Daily Low	1.2255
Previous Weekly High	1.2249
Previous Weekly Low	1.2086
Previous Monthly High	1.2447
Previous Monthly Low	1.1992
Daily Fibonacci 38.2%	1.2367
Daily Fibonacci 61.8%	1.2324
Daily Pivot Point S1	1.225
Daily Pivot Point S2	1.2162
Daily Pivot Point S3	1.2068
Daily Pivot Point R1	1.2431
Daily Pivot Point R2	1.2524
Daily Pivot Point R3	1.2613

GBP/USD Price Analysis: Steadies above 1.2300 inside key trading zone

GBP/USD struggles for clear directions as it floats around 1.2330 amid the initial hour of London open on Thursday. In doing so, the Cable pair trades within an important trading region amid contrasting oscillators. Read More...

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FXStreet Team

FXStreet

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