GBP/USD halts its four-day winning streak, trading around 1.3020 during Wednesday’s Asian session.
GBP/USD tests a yearly high of 1.3044 level, marked on July 17. The momentum indicator 14-day RSI is positioned slightly below 70 level, suggesting a potential correction soon. The pair may navigate the area around the lower boundary of the ascending channel at the 1.2950 level. The daily chart analysis shows the pair is trending upwards within an ascending channel pattern, suggesting a bullish bias.
2950 level, followed by the nine-day Exponential Moving Average at the 1.2924 level. A break below the latter could guide the pair toward the throwback support at the 1.2615 level, noted in June. 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 weakest against the Canadian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.10% 0.08% 0.29% -0.04% 0.04% 0.24% 0.03% EUR -0.10% -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: Holds position above 1.2900; next support at 14-day EMAGBP/USD breaks its two-day losses, trading around 1.2920 in Monday's Asian session.
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 »
GBP/USD Price Forecast: Remains above 1.2750 with testing nine-day EMAGBP/USD pauses its two-day advance, trading around 1.2760 during the Asian session on Monday.
Read more »
GBP/USD Price Analysis: Holds below 1.2800, bearish bias remains intactThe GBP/USD pair trades with mild losses near 1.2770 during the Asian trading hours on Tuesday.
Read more »
GBP/USD Price Analysis: Holds ground near 1.2850; next barrier at the upper boundaryGBP/USD retraces its recent losses, trading around 1.2840 during the Asian hours on Wednesday.
Read more »