Pound Sterling Price News and Forecast: GBP/USD bulls step in on US Dollar weakness

FXStreet Team FXStreet

GBP/USD bulls step in on US Dollar weakness

GBP/USD was up some 0.54% in mid-morning US session trade on Monday, traveling from a low of 1.2274 to score a high of 1.2420 after the US Dollar fell sharply during the Wall Street opening hours. Read More...

GBP/USD rebounds swiftly from one-week low, rallies back above 1.2400 after US data

The GBP/USD pair attracts dip-buying buying near the 1.2275 area, or a one-week low touched earlier this Monday, and builds on its intraday ascent. Spot prices climb to a fresh daily high above 1.2400 after the relese of lower-than-forecast ISM Manufacturing PMI data, which showed US purchasing managers believed there was a fall in activity in March. This makes the market wary of further rate hikes from the Federal Reserve and weighs on the US Dollar (USD), but lifts the GBP/USD over the psychologically significant 1.2400 hurdle. Read More...

GBP/USD now faces some consolidation in the short term – UOB

Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group now see GBP/USD navigating within the 1.2190/1.2380 range in the next few weeks. Read More...

GBP/USD

Overview
Today last price	1.2402
Today Daily Change	0.0064
Today Daily Change %	0.52
Today daily open	1.2338

Trends
Daily SMA20	1.2163
Daily SMA50	1.2149
Daily SMA100	1.213
Daily SMA200	1.1895

Levels
Previous Daily High	1.2424
Previous Daily Low	1.2324
Previous Weekly High	1.2424
Previous Weekly Low	1.2219
Previous Monthly High	1.2424
Previous Monthly Low	1.1803
Daily Fibonacci 38.2%	1.2362
Daily Fibonacci 61.8%	1.2386
Daily Pivot Point S1	1.23
Daily Pivot Point S2	1.2262
Daily Pivot Point S3	1.2201
Daily Pivot Point R1	1.2399
Daily Pivot Point R2	1.2461
Daily Pivot Point R3	1.2499

Author

FXStreet Team

FXStreet

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