The GBP/USD begins September on a slight positive tone and trades at 1.3152, up by over 0.20% during the North American session.
GBP/USD fails to hold above July high of 1.3142, closing August at 1.3122, hinting at possible consolidation. Daily chart reveals a ‘bullish-harami’ pattern; clearing 1.3199 could aim for YTD high of 1.3266. Downside break below 1.3109 risks fall to 1.3044 and further to the 50-DMA at 1.2894. Momentum leans neutral to bullish, with RSI positive but stabilizing. The session is expected to be light as US financial markets remain closed in observance of Labor Day.
3109, this could exacerbate a drop toward the latest support level seen at the July 17 swing high of 1.3044 before slumping to the 50-day moving average at 1.2894. Momentum is neutral to bullish biased, as the Relative Strength Index is in bullish territory but has turned flat. 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 Japanese Yen.
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