GBP/USD is making a headway back toward the 29-month high set on Tuesday at 1.3266.
GBP/USD is on a gradual recovery mode, as the US Dollar resumes the downside. The focus now shifts to the US Q2 GDP data for fresh trading impetus in GBP/USD. The Pound Sterling looks bullish against the US Dollar on the four-hour chart. GBP/USDis making a headway back toward the 29-month high set on Tuesday at 1.3266.
Conversely, a failure to gain a strong foothold above the 21-SMA, sellers will jump back into the game, dragging GBP/USD back toward the 50-SMA at 1.3120. The Relative Strength Index , however, points north near 60, suggesting that the recovery mode could extend. GBP/USD: 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 Japanese Yen.
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