The Pound Sterling registered minuscule gains versus the US Dollar in early trading during the North American session.
GBP/USD edges up, with buyers eyeing a clear break of the weekly high. Key resistance levels lie at 1.2803, and YTD high at 1.2893. The major can turn bearish below, falling below 1.2681. Investors’ sentiment is upbeat as most US equity indices are rising, US Treasury bond yields are falling, and the Greenback was virtually unchanged against a basket of its peers. Therefore, the GBP/USD trades at 1.2719, up 0.11%.
2585 Daily SMA100 1.2632 Daily SMA200 1.2541 Levels Previous Daily High 1.2726 Previous Daily Low 1.2689 Previous Weekly High 1.2712 Previous Weekly Low 1.2509 Previous Monthly High 1.2709 Previous Monthly Low 1.23 Daily Fibonacci 38.2% 1.2712 Daily Fibonacci 61.8% 1.2703 Daily Pivot Point S1 1.2688 Daily Pivot Point S2 1.2671 Daily Pivot Point S3 1.2652 Daily Pivot Point R1 1.2725 Daily Pivot Point R2 1.2743 Daily Pivot Point R3 1.
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.
GBP/USD Price Analysis: Downtrend remains, despite bouncing off the daily lowIn early trading on Wednesday, the Pound Sterling resumed its downtrend against the US Dollar, as the Greenback remained the strongest currency against other peers.
Read more »
GBP/USD Price Analysis: Pushes above 1.2700 as bulls remain in chargeThe Pound Sterling begins the week solidly against the US Dollar, registering modest gains of 0.04% after hitting a daily low of 1.2681.
Read more »
GBP/USD Price Analysis: Recovers above 1.2500 as ‘hammer’ hints buyers in chargeThe Pound Sterling erased some of its earlier losses against the US Dollar and edged up by 0.03% after the Bank of England’s (BoE) monetary policy decision.
Read more »
GBP/USD Price Analysis: Moves above 1.2550 to test the channel’s upper boundaryGBP/USD extends its gains for the third successive session on Friday, trading around 1.2550 during the Asian session.
Read more »
GBP/USD Price Analysis: Climbs above 1.2500, with bulls targeting 200-DMAThe Pound Sterling advanced sharply against the US Dollar in early trading during Monday’s North American session after hitting a daily low of 1.2474.
Read more »
GBP/USD Price Analysis: Extends recovery above 1.2500, but bears loom around 200-DMAThe Pound Sterling resumed its advance against the US Dollar, climbing more than 0.40% and trading at 1.2518.
Read more »