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Pound Sterling Price News and Forecast: GBPUSD: Climbs on USD weakness but fails to conquer the 200-DMA

Pound Sterling Price News and Forecast: GBPUSD: Climbs on USD weakness but fails to conquer the 200-DMA
FXStreet TeamFXStreet TeamFXStreet

GBP/USD Price Analysis: Climbs on USD weakness but fails to conquer the 200-DMA

GBP/USD recovers some ground getting ready to finish the week with minimal gains after bouncing off YTD lows at 1.1802, with buyers reclaiming 1.2000 on a mixed US jobs report. At the time of writing, the GBP/USD is trading at 1.2040, above its opening price y 1.01%. Read More...

GBP/USD rallies back closer to weekly high, around mid-1.2000s on mixed US jobs data

The GBP/USD pair catches fresh bids during the early North American session and jumps to the 1.2035-1.2040 area, back closer to the weekly top in reaction to the mixed US monthly jobs data. Read More...

GBP/USD

Overview
Today last price1.2028
Today Daily Change0.0109
Today Daily Change %0.91
Today daily open1.1919
 
Trends
Daily SMA201.2015
Daily SMA501.213
Daily SMA1001.201
Daily SMA2001.1903
 
Levels
Previous Daily High1.1939
Previous Daily Low1.1832
Previous Weekly High1.2143
Previous Weekly Low1.1922
Previous Monthly High1.2402
Previous Monthly Low1.1915
Daily Fibonacci 38.2%1.1898
Daily Fibonacci 61.8%1.1873
Daily Pivot Point S11.1854
Daily Pivot Point S21.179
Daily Pivot Point S31.1747
Daily Pivot Point R11.1961
Daily Pivot Point R21.2003
Daily Pivot Point R31.2068

GBP/USD Price Analysis: Bulls flirt with 1.2000 mark, focus remains on US NFP report

The GBP/USD pair builds on this week's bounce from the 1.1800 mark, or its lowest level since November 2022, and gains some follow-through traction for the third successive day on Friday. The momentum lifts spot prices to a three-day high during the first half of the European session, with bulls now awaiting a sustained strength beyond the 1.2000 psychological mark before placing fresh bets. Read More...
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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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AUD/USD keeps range near 0.6950 after Australian trade data

AUD/USD keeps range near 0.6950 after Australian trade data

AUD/USD consolidates near a two-month low, trading around mid-0.6900s in the Asian session on Thursday amid a bullish US Dollar. The US PCE data tempered October Fed hike bets, though oil-driven inflation fears remain supportive of elevated US bond yields. Meanwhile, Australia's trade surplus shrank sharply in August to AUD495M, having limited impact on the Aussie Dollar and the pair.


USD/JPY sits at weekly top above 158.00 as bullish USD counters intervention risks

USD/JPY sits at weekly top above 158.00 as bullish USD counters intervention risks

USD/JPY is sitting at the top end of its weekly range above 158.00 in the Asian session on Thursday. Despite the softer US PCE data, oil-driven inflation risks keep US bond yields elevated near multi-year highs. Moreover, the US-Iran standoff benefits the safe-haven US Dollar and supports the pair. Broad US Dollar strength counters hawkish BoJ expectations and Japanese intervention risks.

Gold struggles as rising US Treasury yields outweigh dovish Fed repricing

Gold struggles as rising US Treasury yields outweigh dovish Fed repricing

Gold treads water on Thursday as a stronger US Dollar and soaring US Treasury yields limit the upside. At the time of writing, XAU/USD trades around $4,167, up 0.26% on the day, as the precious metal struggles to build on its early recovery.

Crypto Today: Bitcoin, Ethereum, XRP struggle to regain momentum amid returning ETF outflows

Crypto Today: Bitcoin, Ethereum, XRP struggle to regain momentum amid returning ETF outflows

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Markets are pricing a Fed pause. The jobs data says the hike is still coming

Markets are pricing a Fed pause. The jobs data says the hike is still coming

The market has rapidly changed its mind about the Fed. Only a week ago, investors saw an October interest-rate hike as the most likely outcome. However, softer inflation and cautious comments from policymakers have since turned a pause into the dominant scenario.

Markets are pricing a Fed pause. The jobs data says the hike is still coming

Markets are pricing a Fed pause. The jobs data says the hike is still coming

The market has rapidly changed its mind about the Federal Reserve (Fed). Only a week ago, investors saw an October interest-rate hike as the most likely outcome. However, softer inflation and cautious comments from policymakers have since turned a pause into the dominant scenario. Yet beneath that dramatic repricing, the US economy is sending a considerably less dovish message.

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