• GBP/USD edges up, with buyers eyeing a clear break of the weekly high.
  • Key resistance levels lie at 1.2803, and YTD high at 1.2893.
  • The major can turn bearish below, falling below 1.2681.

The Pound Sterling registered minuscule gains versus the US Dollar in early trading during the North American session. Investors’ sentiment is upbeat as most US equity indices are rising, US Treasury bond yields are falling, and the Greenback was virtually unchanged against a basket of its peers. Therefore, the GBP/USD trades at 1.2719, up 0.11%.

GBP/USD Price Analysis: Technical outlook

The GBP/USD pair shows a clear upward bias in the near term. While it has yet to print a new weekly high above Monday’s 1.2725, this could potentially pave the way for significant further gains.

Momentum is in favor of the buyers, as depicted by the Relative Strength Index (RSI), which is in bullish territory, though it’s about to turn overbought.

If GBP/USD buyers reclaim 1.2725, that could exacerbate a rally to the next pivot high at 1.2803, the March 21 high. Once surpassed, the next resistance would be the year-to-date (YTD) high at 1.2893.

Conversely, the pair could aim downwards if it registers a daily close below May 20’s low of 1.2681. That can expose the 100-day moving average (DMA) at 1.2634, followed by the 50-DMA at 1.2583.

GBP/USD Price Action – Daily Chart

GBP/USD

Overview
Today last price 1.2721
Today Daily Change 0.0015
Today Daily Change % 0.12
Today daily open 1.2706
 
Trends
Daily SMA20 1.2556
Daily SMA50 1.2585
Daily SMA100 1.2632
Daily SMA200 1.2541
 
Levels
Previous Daily High 1.2726
Previous Daily Low 1.2689
Previous Weekly High 1.2712
Previous Weekly Low 1.2509
Previous Monthly High 1.2709
Previous Monthly Low 1.23
Daily Fibonacci 38.2% 1.2712
Daily Fibonacci 61.8% 1.2703
Daily Pivot Point S1 1.2688
Daily Pivot Point S2 1.2671
Daily Pivot Point S3 1.2652
Daily Pivot Point R1 1.2725
Daily Pivot Point R2 1.2743
Daily Pivot Point R3 1.2761

 

British Pound PRICE Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Canadian Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.02% -0.14% -0.17% 0.13% -0.10% 0.07% -0.09%
EUR 0.02%   -0.13% -0.14% 0.13% -0.08% 0.07% -0.07%
GBP 0.14% 0.13%   -0.04% 0.28% 0.04% 0.20% 0.05%
JPY 0.17% 0.14% 0.04%   0.31% 0.07% 0.22% 0.08%
CAD -0.13% -0.13% -0.28% -0.31%   -0.23% -0.07% -0.23%
AUD 0.10% 0.08% -0.04% -0.07% 0.23%   0.16% 0.03%
NZD -0.07% -0.07% -0.20% -0.22% 0.07% -0.16%   -0.15%
CHF 0.09% 0.07% -0.05% -0.08% 0.23% -0.03% 0.15%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD remains near 1.0400 post-US PCE

EUR/USD remains near 1.0400 post-US PCE

The US Dollar’s inconclusive price action allows some recovery in EUR/USD, keeping the pair around the 1.0400 region following the release of PCE inflation data for the month of January.

EUR/USD News
Gold slumps to fresh multi-week lows below $2,840

Gold slumps to fresh multi-week lows below $2,840

Gold stays under bearish pressure and trades at its lowest level in three weeks below $2,840. The uncertainty surrounding the Trump administration's trade policy and month-end flows seem to be weighing on XAU/USD, which remains on track to snap an eight-week winning streak. 

Gold News
GBP/USD clings to gains just above 1.2600 after PCE data

GBP/USD clings to gains just above 1.2600 after PCE data

GBP/USD remains positively oriented in the 1.2600 neighbourhood as the Greenback is navigating a vacillating range following the PCE inflation release.

GBP/USD News
The week ahead – US Payrolls, ECB rate meeting, ITV results – W/c 3rd March

The week ahead – US Payrolls, ECB rate meeting, ITV results – W/c 3rd March

Having seen the Federal Reserve keep rates on hold last month the US labour market continues to show remarkable resilience, despite seeing a slowdown in hiring in January, after a blow out December number. 

Read more
Weekly focus – Tariff fears are back on the agenda

Weekly focus – Tariff fears are back on the agenda

While the timing of the EU measures remains still uncertain, Trump surprised markets on Thursday by signalling that the 25% tariffs on Canada and Mexico will be enacted when the one-month delay runs out next Tuesday. 

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025