Pound Sterling Price News and Forecast GBP/USD: More pain for the pound? Delta, data and future Fed moves all eyed

FXStreet Team FXStreet

GBP/USD Weekly Forecast: More pain for the pound? Delta, data and future Fed moves all eyed

Flight to safety – that has been the main theme boosting the dollar as coronavirus cases have continued rising, and data has been mediocre at best. Will the Federal Reserve come to the rescue by pushing back against tapering its bond-buying scheme? That is the main question for investors who are also watching covid figures on both sides of the pond. Read more...

GBP/USD Price Analysis: 1.3570 is the next relevant target for bears

The GBP/USD pair added to the previous day's heavy losses and witnessed some follow-through selling on the last day of the week. This marked the fourth day of a negative move in the previous five and dragged the pair to the 1.3600 neighbourhood, or one-month lows during the mid-European session. Read more...

GBP/USD

Overview
Today last price	1.3626
Today Daily Change	-0.0014
Today Daily Change %	-0.10
Today daily open	1.364

Trends
Daily SMA20	1.3845
Daily SMA50	1.3856
Daily SMA100	1.3926
Daily SMA200	1.3789

Levels
Previous Daily High	1.3758
Previous Daily Low	1.3632
Previous Weekly High	1.3894
Previous Weekly Low	1.3791
Previous Monthly High	1.3984
Previous Monthly Low	1.3572
Daily Fibonacci 38.2%	1.368
Daily Fibonacci 61.8%	1.371
Daily Pivot Point S1	1.3596
Daily Pivot Point S2	1.3551
Daily Pivot Point S3	1.347
Daily Pivot Point R1	1.3722
Daily Pivot Point R2	1.3803
Daily Pivot Point R3	1.3848

GBP/USD Forecast: Sterling is oversold, could find a bottom and then bounce

How low can sterling go? Further than many had thought, it seems. GBP/USD is down some 200 pips on the week in a sharp move mostly recorded after the Federal Reserve's meeting minutes raised expectations of tapering. If the Fed prints fewer dollars, the currency is worth more. Read more...

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