The British Pound rallied for the third straight day against the US Dollar, gaining some 0.37% in early trading during the North American session.
GBP/USD climbs to 1.2772, close to a four-day high of 1.2784. Technical outlook shows upward bias with RSI pointing higher but not yet overbought. Key resistance at 1.2800; surpassing it could lead to YTD high of 1.2893, while support lies at 1.2643 and 1.2600. The GBP/USD exchanged hands at 1.2785, shy of a four-day high of 1.2787 reached during the European session.
2893, which is shy of 1.2900. On the other hand, if GBP/USD tumbles below 1.2700, that could sponsor a leg down toward the confluence of the May 3 high turned support and the 100-day moving average at around 1.2643. Further losses lie at 1.2600. GBP/USD Price Action - Daily Chart GBP/USD Overview Today last price 1.2788 Today Daily Change 0.0046 Today Daily Change % 0.36 Today daily open 1.2742 Trends Daily SMA20 1.2655 Daily SMA50 1.2585 Daily SMA100 1.2634 Daily SMA200 1.
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