Pound Sterling Price News and Forecast: GBP/USD minor dips should remain well-supported

FXStreet Team FXStreet

GBP/USD Forecast: Pound sterling to stay rangebound ahead of key events

GBP/USD went into a consolidation phase above 1.2800 on Monday after having climbed to its strongest level in 14 months at 1.2850 on Friday. The pair could have a difficult time building on last week's gains in the near term, with investors moving to the sidelines ahead of this week's key macroeconomic events. Read more...

GBP/USD: Minor dips should remain well-supported – Scotiabank

Economists at Scotiabank analyze GBP outlook.

EUR/GBP to see a further fall towards support around 0.8450

Sterling gains have steadied versus the USD, with oscillator signals veering towards overbought on the intraday and daily studies. Read more...

GBP/USD: Longs stretched but acceleration to 1.30 may gather momentum depending on Wednesday’s CPI – SocGen

GBP/USD pauses after a 1.95% gain last week. Economists at Société Générale analyze GBP outlook ahead of the UK Consumer Price Index (CPI) data and the Bank of England (BoE) meeting this week. Read more...

GBP/USD

Overview
Today last price	1.2809
Today Daily Change	-0.0013
Today Daily Change %	-0.10
Today daily open	1.2822

Trends
Daily SMA20	1.2495
Daily SMA50	1.2492
Daily SMA100	1.2324
Daily SMA200	1.2045

Levels
Previous Daily High	1.2848
Previous Daily Low	1.2768
Previous Weekly High	1.2848
Previous Weekly Low	1.2487
Previous Monthly High	1.268
Previous Monthly Low	1.2308
Daily Fibonacci 38.2%	1.2818
Daily Fibonacci 61.8%	1.2799
Daily Pivot Point S1	1.2777
Daily Pivot Point S2	1.2733
Daily Pivot Point S3	1.2697
Daily Pivot Point R1	1.2857
Daily Pivot Point R2	1.2893
Daily Pivot Point R3	1.2937

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

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