The Pound Sterling edges lower after trimming some of its earlier losses due to a bloodbath in the financial markets, led by Asian equities, which triggered circuit breakers halting trading as losses deepened.
GBP/USD falls to 1.2772, down 0.20%, following significant losses in global markets. Technicals show bearish momentum; RSI suggests further declines. Key supports: August 2 low at 1.2707, 100-DMA at 1.2683, 200-DMA at 1.2645. For bullish reversal, GBP/USD needs to pass 50-DMA at 1.2786 and August 2 high at 1.2840, aiming for 1.2860 and 1.2900. The GBP/USD trades at 1.2772, down by 0.20%.
For a bullish reversal, the GBP/USD must clear the 50-DMA and the August 2 peak at 1.2840. Once hurdle, the next resistance will be the June 12 high at 1.2860, ahead of 1.2900. GBP/USD Price Action – Daily Chart British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today. British Pound was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.50% 0.38% -2.39% -0.24% 0.43% 0.32% -1.05% EUR 0.50% 0.
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