The GBP/USD extends its losing streak to three days yet has bounced off daily/weekly lows of 1.3129 and exchanges hands at 1.3149, down a modest 0.14%.
GBP/USD shows upward bias on daily chart, yet short-term RSI presents mixed signals. Hourly chart reveals bearish trend with the pair below 50, 100, and 200-HMAs; sellers aim for 1.3108 and potentially 1.3100. Additional supports at August 22 low of 1.3076 and August 20 high of 1.3052. Buyers reclaiming 200-HMA at 1.3148 could push recovery to 1.3182 and 1.3200.
3076, ahead of the August 20 high at 1.3052. If GBP/USD buyers reclaim the 200-HMA at 1.3148, this could sponsor a recovery toward the 50-HMA at 1.3182 ahead of 1.3200. GBP/USD Price Action – Hourly 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. USD EUR GBP JPY CAD AUD NZD CHF USD 0.02% 0.11% 0.38% -0.06% 0.16% -0.02% 0.19% EUR -0.02% 0.08% 0.39% -0.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Price Analysis: Bulls extends gains and approach July highsIn Tuesday's session, the GBP/USD pair continued its upward trajectory, rising by 0.32% to 1.3030 near mid-July highs, with bullish momentum gaining significant ground as indicated by the recent trading sessions.
Read more »
GBP/USD Price Forecast: Retreats below 1.3220 set for a pullbackThe Pound Sterling retreats from the multi-year highs it reached on Tuesday and registers losses of over 0.40% against the Greenback as traders brace for the release of US inflation data on Friday.
Read more »
GBP/USD Price Forecast: Tumbles below 1.3200 as US Dollar recoversThe GBP/USD extended its losses to two straight days and cleared the 1.3200 figure on the downside, as bears woke up after August’s 400-pip rally, crushed their expectations for lower prices.
Read more »
GBP/USD Price Forecast: Tumbles below 1.2800 to five-week lowOn Tuesday, the Pound Sterling prolonged its agony and extended its losses against the Greenback.
Read more »
GBP/USD Price Forecast: Rebounds above 1.2700 on risk-on moodThe Pound Sterling bounced off daily/weekly lows and rose above the 1.2700 figure on Wednesday as risk appetite improved after a Bank of Japan (BoJ) official commented the BoJ wouldn’t raise rates amid market instability.
Read more »
GBP/USD Price Forecast: Rebounds at around 200-DMA, climbs above 1.2700The Pound Sterling made a U-turn and surged during the North American session after falling shy of testing the 200-day moving average (DMA) at 1.2654, yet buyers stepped in and lifted the GBP/USD pair.
Read more »