Pound Sterling Price News and Forecast: GBP/USD faces downward pressure on weak UK data

GBP/USD Price Analysis: Stalls its decline, the key upside barrier is seen at 1.2200 The GBP/USD pair stalls its decline and holds below the 1.2200 m

GBP/USD faces downward pressure on weak UK data, sentiment deterioration GBP/USD prolonged its losses for two consecutive days after the pair reached a two-week high of 1.2288 but failed to crack the 1.2300 mark. Fundamental news and geopolitical risks weighed on the Pound Sterling . At the time of writing, the pair trades at 1.2116, down 0.35%. Read More...

2184 Daily SMA50 1.2389 Daily SMA100 1.2582 Daily SMA200 1.2443 Levels Previous Daily High 1.2289 Previous Daily Low 1.2154 Previous Weekly High 1.222 Previous Weekly Low 1.209 Previous Monthly High 1.2713 Previous Monthly Low 1.2111 Daily Fibonacci 38.2% 1.2205 Daily Fibonacci 61.8% 1.2237 Daily Pivot Point S1 1.2113 Daily Pivot Point S2 1.2065 Daily Pivot Point S3 1.1977 Daily Pivot Point R1 1.2248 Daily Pivot Point R2 1.2336 Daily Pivot Point R3 1.

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