Pound Sterling Price News and Forecast: GBP/USD now moved into a consolidative phase

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling could struggle to find direction

In the absence of high-impact data releases, GBP/USD benefited from the risk-positive market atmosphere on Monday and climbed toward 1.2200. The pair lost its traction early Tuesday amid renewed US Dollar (USD) strength and declined to the 1.2150 area. Read more...

GBP/USD now moved into a consolidative phase – UOB

Economist Lee Sue Ann and Markets Strategist Quek Ser at UOB Group suggest GBP/USD is now seen trading within the 1.2085-1.2240 band in the next weeks. Read more...

GBP/USD: Daily close above 1.2180 would add to momentum for deeper push above 1.22 – Scotiabank

GBP/USD trades firmer near 1.22. Economists at Scotiabank analyze Sterling’s outlook.

Sterling is firm but GBP/USD gains are struggling against 1.22, trend resistance off the July high. The market pushed through this trend briefly earlier in October but needs to make clearer progress above the figure to extend. Read more...

GBP/USD

Overview
Today last price	1.215
Today Daily Change	-0.0018
Today Daily Change %	-0.15
Today daily open	1.2168

Trends
Daily SMA20	1.2179
Daily SMA50	1.234
Daily SMA100	1.2567
Daily SMA200	1.2438

Levels
Previous Daily High	1.2175
Previous Daily Low	1.209
Previous Weekly High	1.2289
Previous Weekly Low	1.207
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2143
Daily Fibonacci 61.8%	1.2123
Daily Pivot Point S1	1.2114
Daily Pivot Point S2	1.206
Daily Pivot Point S3	1.2029
Daily Pivot Point R1	1.2198
Daily Pivot Point R2	1.2229
Daily Pivot Point R3	1.2283

Author

FXStreet Team

FXStreet

EUR/USD challenges 1.1700, six-week lows

EUR/USD remains under heavy downside pressire in quite a dfrreadful start to the new trading week, putting the 1.1700 support to the test amid the marked rebound in the US Dollar. The flight-so-safety environment continues to support the Greenback following the escalating conflict in the Middle East.

GBP/USD hits new yearly lows near 1.3300

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Gold shifts its attention to $5,600 on fligh-to-safety mood

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Bitcoin on brink of breakdown amid US-Iran war

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The week ahead: Conflict in the Middle East jolts markets

Events in the Middle East are obviously dominating financial markets this morning. The Brent crude oil price is extending gains and is higher by more than 8%, stock futures are pointing lower and the gold price is higher by more than 2%.

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