GBP/USD Price Analysis: Maintains position above 1.2400 supported by nine-day EMA
GBP/USD looks to extend its losses for the third consecutive day ahead of the Retail Sales data from the United Kingdom, trading around 1.2410 during the Asian session on Friday. The 1.2400 psychological level serves as immediate support, followed by the next support around 1.2350, which is aligned with the nine-day Exponential Moving Average (EMA) at the 1.2353 level. Read more...
GBP/USD Forecast: Pound Sterling faces key resistance at 1.2450
After closing the day virtually unchanged slightly above 1.2400, GBP/USD edged slightly higher in the European session on Friday. The pair is likely to face stiff resistance at 1.2450 and technical buyers could take action once that level turns into support. Read more...
GBP/USD: Upside pressure mitigated below 1.2350 – UOB
In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, the upward bias could lose traction if GBP/USD breaks below 1.2350. Read more...
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