Pound Sterling Price News and Forecast: GBP/USD to edge lower before rebounding later in 2022

FXStreet Team FXStreet

GBP/USD outlook: Recovery likely to be limited but formation of weekly hammer warns

Cable gained traction in early Thursday and edges above 1.33 mark, after spike to new 2021 low (1.3194) was short-lived.

Larger bears faced strong headwinds at 1.3275/50 zone Fibo 61.8% of 1.2675/1.4249 upleg/weekly cloud base), with hammer forming on a weekly chart that could be an initial positive signal. Read more...

GBP/USD to edge lower before rebounding later in 2022 – MUFG

The pound depreciated against the dollar in November although held up relatively well in response to the increased uncertainty related to the new Omicron covid variant. Economists at MUFG Bank expect the GBP/USD pair to move downward in the first months of next year before staging a bounce later in 2022. Read more...

GBP/USD edges higher to 1.3325 area, lacks follow-through

The USD witnessed some selling during the early part of the European session and pushed the GBP/USD pair to a fresh daily high, around the 1.3325 regions in the last hour.

The pair attracted fresh buying near the 1.3265 area on Thursday and for now, seems to have snapped three consecutive days of the losing streak. The uptick was exclusively sponsored by some US dollar weakness, though any meaningful recovery still seems elusive. Read more...

GBP/USD

Overview
Today last price	1.333
Today Daily Change	0.0066
Today Daily Change %	0.50
Today daily open	1.3264

Trends
Daily SMA20	1.3411
Daily SMA50	1.3565
Daily SMA100	1.3679
Daily SMA200	1.3808

Levels
Previous Daily High	1.3352
Previous Daily Low	1.3262
Previous Weekly High	1.3457
Previous Weekly Low	1.3278
Previous Monthly High	1.3698
Previous Monthly Low	1.3194
Daily Fibonacci 38.2%	1.3296
Daily Fibonacci 61.8%	1.3318
Daily Pivot Point S1	1.3234
Daily Pivot Point S2	1.3203
Daily Pivot Point S3	1.3144
Daily Pivot Point R1	1.3324
Daily Pivot Point R2	1.3383
Daily Pivot Point R3	1.3413

Author

FXStreet Team

FXStreet

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