GBP/USD Analysis: Bulls could aim to test 1.3565-70 confluence despite COVID-19 woes

The GBP/USD pair seesawed between tepid gains/minor losses and finally settled nearly unchanged on Thursday amid thin end-of-year trading volumes. The US dollar made a solid comeback and reversed the previous day's losses back closer to the monthly low. This was seen as a key factor that exerted some downward pressure on the major, though the early downtick turned out to be short-lived. Read More...

GBP/USD slips back under 1.3500 in holiday-thinned trading conditions, set to end month with decent gains

In thin trading conditions on the final day of 2021, GBP/USD is choppy and recently slipped back under the 1.3500 handle. Trading conditions are subdued with many European markets closed for the day and markets in the UK and France shutting early. Though the pair is down about 0.15% on the day as its trades in the 1.3475 area, it only trades about 0.4% below monthly highs hit earlier this week in the 1.3520s. Read More...

GBP/USD

Overview
Today last price 1.3534
Today Daily Change 0.0038
Today Daily Change % 0.28
Today daily open 1.3496
 
Trends
Daily SMA20 1.3312
Daily SMA50 1.3425
Daily SMA100 1.357
Daily SMA200 1.3748
 
Levels
Previous Daily High 1.3522
Previous Daily Low 1.3454
Previous Weekly High 1.3438
Previous Weekly Low 1.3174
Previous Monthly High 1.3698
Previous Monthly Low 1.3194
Daily Fibonacci 38.2% 1.3496
Daily Fibonacci 61.8% 1.348
Daily Pivot Point S1 1.346
Daily Pivot Point S2 1.3423
Daily Pivot Point S3 1.3392
Daily Pivot Point R1 1.3527
Daily Pivot Point R2 1.3558
Daily Pivot Point R3 1.3595

 

GBP/USD Price Analysis: Bulls retain control near monthly high, above 1.3500 mark

The GBP/USD pair edged during the early part of the European session and shot closer to the highest level since November 10, around the 1.3520 area touched in the previous day. Read More...

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content


Recommended content

Editors’ Picks

NZD/USD drops towards 0.6300 as RBNZ's Orr smashes 75 bps rate hike hopes

NZD/USD drops towards 0.6300 as RBNZ's Orr smashes 75 bps rate hike hopes

NZD/USD is turning south towards 0.6300 after RBNZ Governor Orr squashes hopes of a 75 bps rate hike in the coming meetings. RBNZ raised the key rate by 50 bps to 3% while raising OCR projections. Focus shifts to the Fed minutes. 

NZD/USD News

AUD/USD struggles around 0.7000 amid weaker USD, Australian Wage data miss

AUD/USD struggles around 0.7000 amid weaker USD, Australian Wage data miss

AUD/USD is trading close to 0.7000, consolidating the dismal Australian wage price data-led losses. Softening wage growth data could prompt the RBA to slow down its policy tightening. The US dollar looks to extend the previous sell-off ahead of the FOMC minutes.

AUD/USD News

Gold bears are lurking below $1,785

Gold bears are lurking below $1,785

Gold is flat on the day trading at around $1,776.50 and sticking to a tight range of between $1,773.91 to a high of $1,776.85. The yellow metal fell due to rising Treasury yields weighed on investor appetite. A slightly stronger US dollar was also a headwind for investor demand. 

Gold News

Dogecoin price to provide a buying opportunity before exploding 35%

Dogecoin price to provide a buying opportunity before exploding 35%

Dogecoin price sees a slow decline in bullish momentum as a major hurdle puts an end to its explosive move. A pullback is emerging for DOGE and is likely an opportunity that will allow bulls to recuperate and prepare for the next rally.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Forex MAJORS

Cryptocurrencies

Signatures