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 appears supported by the 200-day SMA, for now

Following an early pullback to multi-week lows near 1.1670, EUR/USD now manages to reclaim the 1.1700 region as the NA session draws to a close on Monday. The steep retracement in spot follows the equally strong move higher in the US Dollar, as investors continue to assess the geopolitical landscape in the wake of the US and Israel attacks on Iran.

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 eases some ground, approaches $5,300

Gold now surrenders part of the earlier advance, reshifting its attenton to the $5,300 zone per troy ounce at the beginning of the week. Indeed, the yellow metal’s firm performance appears propped up by incresing geopolitical jitters in the Middle East, which at the same time fuels the demand for the safe-haven space.