GBP/USD remains under selling pressure below the mid-1.2100s during the early European session on Thursday. A rise in the US Treasury bond yields and
GBP/USD loses traction around 1.2123 amid a rise in US Treasury yields. The pair holds below the 50- and 100-hour EMAs; RSI is located in bearish territory below 50. The first support level is seen at 1.2052; 1.2190 acts as an immediate resistance level. the escalating geopolitical tension between Israel and Hamas boost the US Dollar demand and exert some selling pressure on the GBP/USD pair. The major currently trades near 1.2123, losing 0.14% on the day.
2000, and finally at 1.1965 . On the upside, 1.2190 acts as an immediate resistance level for GBP/USD. The key barrier is located at 1.2217, portraying the confluence of the 100-hour EMA and a high of October 16. Further north, the upper boundary of the Bollinger Band at 1.2230 will be the next stop. The additional upside filter to watch is near a high of October 10 at 1.2295. GBP/USD four-hour chart GBP/USD Overview Today last price 1.2125 Today Daily Change -0.0015 Today Daily Change % -0.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pound Sterling Price News and Forecast: GBP/USD extends losses around 1.2170, awaits UK CPIFollowing a quiet Asian session, GBP/USD edged higher to the 1.2200 area in the European morning on Wednesday. The technical outlook is yet to point t
Read more »
GBP/USD extends losses around 1.2170, awaits UK CPIGBP/USD extends losses on the second successive day, trading lower around 1.2160 during the Asian session on Wednesday. The upbeat economic data from
Read more »
Pound Sterling Price News and Forecast: GBP/USD sellers await a drop below 1.2130GBP/USD struggling to stage a rebound [Video] GBPUSD has been forming a structure of lower highs and lower lows since its 16-month peak of 1.3141. Mea
Read more »
GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD Post UK CPIUK Inflation data showed signs of stickiness this morning but a closer look at the data provided many positive signs for the Bank of England. Let's take a look at potential price action setups on some GBP pair moving forward.
Read more »
Silver Price Analysis: XAG/USD stabilizes above $23 as Middle East conflicts strengthen safe-haven betSilver price (XAG/USD) shifts auction above the crucial resistance of $23.00, which has turned into support for bulls. The white metal strengthens as
Read more »