The Pound Sterling climbs sharply against the US Dollar as US Treasury bond yields remain unchanged, but the Greenback remains softer as it falls to a fresh two-day low, as depicted by the US Dollar Index (DXY).
GBP/USD up 0.40%, boosted as the US Dollar Index hits a new two-day low. Technical outlook neutral to slightly bearish, with RSI signaling bearish momentum. Key support levels at 100-DMA , 50-DMA , 1.2600, and 200-DMA . Resistance at 1.2700 and 1.2750, with less likelihood of being tested in the near term.
The first support would be the 100-DMA at 1.26643, ahead of the 50-DMA at 1.2627. A further downside lies beneath at 1.2600, exposing the 200-DMA at 1.2553 once surpassed. A breach of the latter, the pair will test 1.2500. Conversely, and the less likely path in the near term, the GBP/USD first resistance level would be 1.2700. Once hurdle, the next stop would be 1.2750. GBP/USD Price Action – Daily Chart GBP/USD Overview Today last price 1.269 Today Daily Change 0.0046 Today Daily Change % 0.
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