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

FXStreet Team FXStreet

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 price	1.2028
Today Daily Change	0.0109
Today Daily Change %	0.91
Today daily open	1.1919

Trends
Daily SMA20	1.2015
Daily SMA50	1.213
Daily SMA100	1.201
Daily SMA200	1.1903

Levels
Previous Daily High	1.1939
Previous Daily Low	1.1832
Previous Weekly High	1.2143
Previous Weekly Low	1.1922
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.1898
Daily Fibonacci 61.8%	1.1873
Daily Pivot Point S1	1.1854
Daily Pivot Point S2	1.179
Daily Pivot Point S3	1.1747
Daily Pivot Point R1	1.1961
Daily Pivot Point R2	1.2003
Daily Pivot Point R3	1.2068

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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