The GBP/USD registered decent gains of more than 0.20% on Friday after June’s US jobs data showed the economy added more jobs than expected, though a revision lower of April and May’s figures hinted the labor market weakened further.
GBP/USD climbs over 0.20%, after US jobs report reveals June gains but revises down April and May. Bullish technical outlook as GBP/USD nears key resistance at 1.2660/75. Resistance levels: 1.2800, 1.2894 , 1.2900, 1.2995 , approaching 1.3000. Support points: 1.2733 , 1.2709 , 1.2700, 1.2673 . The major trades at 1.2790, above its opening price, after hitting a daily low of 1.2752. GBP/USD Price Analysis: Technical outlook The GBP/USD has fluctuated around the 1.
For a bearish reversal, sellers will expect the exchange rate to fall below the July 4 daily low of 1.2733. This will expose April’s 8 high, which turned support at 1.2709 before exposing 1.2700. On further losses, that will expose the 50-day moving average at 1.2673. GBP/USD Price Action – Daily Chart British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today. British Pound was the strongest against the Canadian Dollar.
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GBP/USD Price Analysis: Needs to find acceptance above 1.2800 for bulls to seize controlThe GBP/USD pair trades with a negative bias for the second straight day on Friday, albeit manages to hold its neck above the previous day's swing low.
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GBP/USD Price Analysis: Holds steady above mid-1.2600s, not out of the woods yetThe GBP/USD pair is seen oscillating in a range during the Asian session on Friday and consolidating the previous day's post-Bank of England (BoE) decline to over a one-month low.
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GBP/USD Price Analysis: Consolidates above 1.2700 mark as traders await BoE policy updateThe GBP/USD pair trades with a mild negative bias during the Asian session on Thursday and moves further away from the weekly low, around the 1.2740 area touched the previous day.
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GBP/USD Price Analysis: Climbs back above 1.2700 on US holidayThe Pound Sterling modestly gains versus the Greenback on Wednesday, amid thin liquidity conditions, due to US traders being in observance of Juneteenth.
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GBP/USD Price Analysis: Struggles to remain above 1.2800, fallsThe GBP/USD experienced a retreat early in the North American session, down by 0.23%.
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GBP/USD Price Analysis: Rallies above 1.2800 as buyers gain momentumThe Pound Sterling recovered some ground versus the US Dollar in early trading on Wednesday after the US Department of Labor revealed that inflation is cooling in the United States.
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