Pound Sterling Price News and Forecast: Harmonic bearish patterns expose 1.22000

FXStreet Team FXStreet

GBP/USD Price Analysis: Harmonic bearish patterns expose 1.22000

In the prior analysis, GBP/USD Price Analysis: Bulls in control and eye 1.2350, it was explained that the bulls took out a key resistance and so long as 1.2150 holds, there would be prospects of a rally towards 1.2350 and then 1.2450 for the days ahead. Read More...

GBP/USD strengthens and tests levels above 1.2230

The GBP/USD is up on Thursday for the second day in a row but the upside remains limited by the 1.2230 area. Risk appetite and a weaker dollar are supporting the pair. Read More...

GBP/USD consolidates in a range around 1.2200 mark as traders await fresh catalyst

The GBP/USD pair struggles to capitalize on the overnight recovery from the 1.2100 neighbourhood, or the weekly low and oscillates in a range through the early European session on Thursday. The pair is currently trading around the 1.2200 round-figure mark, nearly unchanged for the day. Read More...

GBP/USD

Overview
Today last price	1.2243
Today Daily Change	0.0030
Today Daily Change %	0.25
Today daily open	1.2213

Trends
Daily SMA20	1.1992
Daily SMA50	1.1588
Daily SMA100	1.1662
Daily SMA200	1.2131

Levels
Previous Daily High	1.2235
Previous Daily Low	1.2107
Previous Weekly High	1.2311
Previous Weekly Low	1.19
Previous Monthly High	1.2154
Previous Monthly Low	1.1147
Daily Fibonacci 38.2%	1.2186
Daily Fibonacci 61.8%	1.2156
Daily Pivot Point S1	1.2135
Daily Pivot Point S2	1.2057
Daily Pivot Point S3	1.2007
Daily Pivot Point R1	1.2263
Daily Pivot Point R2	1.2313
Daily Pivot Point R3	1.239

Author

FXStreet Team

FXStreet

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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