Pound Sterling Price News and Forecast: GBP/USD witnessed a minor pause while advancing towards 1.1400


GBP/USD faces fragile barricades below 1.1400 on bleak BOE outlook, risk-on still solid

The GBP/USD pair has sensed a minor selling pressure while attempting to hit the immediate hurdle of 1.1400 in the Tokyo session. Investors are continued with their longs in risk-perceived currencies. The 10-year US Treasury yields have recovered the decline and have scaled above 3.75%. While, the S&P500 is not ready to surrender gains and is sustaining at elevated levels.

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GBP/USD

Overview
Today last price 1.1377
Today Daily Change 0.0051
Today Daily Change % 0.45
Today daily open 1.1326
 
Trends
Daily SMA20 1.1281
Daily SMA50 1.166
Daily SMA100 1.1948
Daily SMA200 1.2562
 
Levels
Previous Daily High 1.1496
Previous Daily Low 1.1227
Previous Weekly High 1.1235
Previous Weekly Low 1.0339
Previous Monthly High 1.1738
Previous Monthly Low 1.0339
Daily Fibonacci 38.2% 1.133
Daily Fibonacci 61.8% 1.1393
Daily Pivot Point S1 1.1203
Daily Pivot Point S2 1.1081
Daily Pivot Point S3 1.0934
Daily Pivot Point R1 1.1472
Daily Pivot Point R2 1.1618
Daily Pivot Point R3 1.1741

 

Ichimoku cloud analysis: GBP/USD, AUD/USD, USD/CAD

GBP/USD is rising inside the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.1375 and then resume moving upwards to reach 1.1895. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border.

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