Pound Sterling Price News and Forecast: GBP/USD pressured by late US Dollar comeback

FXStreet Team FXStreet

GBP/USD pressured by late US Dollar comeback and central bank divergence themes

GBP/USD is down some 0.2% on the day as we head toward the Wall Street close with the price traveling between 1.1992 and 1.2048. Despite a soft US Dollar at the start of the day as investors awaited testimony by Federal Reserve Chair Jerome Powell and Nonfarm Payrolls, GBP stayed pressured as central bank divergences play out. Read More...

GBP/USD turns negative, with bears eyeing 1.2000 below the 100-DMA

GBP/USD trims some of last Friday’s gains despite an upbeat sentiment led by Wall Street, opening in the green. A light calendar in the United Kingdom (UK) would keep traders focused on the busiest docket in the United States (US). At the time of writing, the GBP/USD is trading at 1.2019. Read More...

GBP/USD expected to trade within 1.1925-1.2120 – UOB

According to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD is expected to trade between 1.1925 and 1.2120 in the short-term horizon. Read More...

GBP/USD

Overview
Today last price	1.2017
Today Daily Change	-0.0028
Today Daily Change %	-0.23
Today daily open	1.2045

Trends
Daily SMA20	1.2047
Daily SMA50	1.2141
Daily SMA100	1.1985
Daily SMA200	1.1916

Levels
Previous Daily High	1.2049
Previous Daily Low	1.1943
Previous Weekly High	1.2143
Previous Weekly Low	1.1922
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.2008
Daily Fibonacci 61.8%	1.1983
Daily Pivot Point S1	1.1975
Daily Pivot Point S2	1.1906
Daily Pivot Point S3	1.1869
Daily Pivot Point R1	1.2081
Daily Pivot Point R2	1.2118
Daily Pivot Point R3	1.2188

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

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

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

Gold climbs to levels last seen in late January past the $5,400 mark per troy ounce on Monday. The yellow metal’s strong uptick remains fuelled by incresing geopolitical tensions in the Middle East and the consequent demand for safer assets.

Bitcoin on brink of breakdown amid US-Iran war

Bitcoin (BTC) remains under pressure near the key support level of $65,700. Trading at $66,400 at the time of writing on Monday, a breakdown below this critical level would suggest a deeper correction ahead.

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%.

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.