Pound Sterling Price News and Forecast: GBP/USD pound Sterling could struggle [Video]

FXStreet Team FXStreet

GBP/USD analysis: Breakout or failure at 1.2448 weekly resistance? [Video]

Hi Traders, watching price levels on the GBPUSD daily and 15-minute charts. Price has advanced back to the 1.2401-48 daily/weekly resistance area. Will price break above the 1.2448 weekly resistance level or offer a reversal back down the trading range? Read more...

GBP/USD Forecast: Pound Sterling could struggle to hold above 1.2500

Following a consolidation phase in the Asian session on Tuesday, GBP/USD has gathered bullish momentum and advanced to its highest level since June 2022 above 1.2500. The pair's near-term technical outlook suggests that there could be a technical correction before the pair continues to push higher. Read more...

GBP/USD: Sustained break above 1.2445 implies upside potential toward 1.30 – Scotiabank

GBP/USD gains accelerate through key resistance at 1.2445. This is a strong bullish signal for the GBP, economists at Scotiabank report.

“Gains in the GBP through the mid-1.24 area that has capped the Pound since last year are a bullish technical signal that augurs for more strength ahead.” Read more...

GBP/USD

Overview
Today last price	1.2475
Today Daily Change	0.0062
Today Daily Change %	0.50
Today daily open	1.2413

Trends
Daily SMA20	1.2183
Daily SMA50	1.215
Daily SMA100	1.2136
Daily SMA200	1.1896

Levels
Previous Daily High	1.2424
Previous Daily Low	1.2275
Previous Weekly High	1.2424
Previous Weekly Low	1.2219
Previous Monthly High	1.2424
Previous Monthly Low	1.1803
Daily Fibonacci 38.2%	1.2367
Daily Fibonacci 61.8%	1.2332
Daily Pivot Point S1	1.2317
Daily Pivot Point S2	1.2221
Daily Pivot Point S3	1.2168
Daily Pivot Point R1	1.2466
Daily Pivot Point R2	1.2519
Daily Pivot Point R3	1.2615

Author

FXStreet Team

FXStreet

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