The GBP/USD extended its losses to two straight days and cleared the 1.3200 figure on the downside, as bears woke up after August’s 400-pip rally, crushed their expectations for lower prices.
GBP/USD momentum favors sellers, possibly targeting the July 17 high of 1.3043. Further declines could test 1.3043; next major support at March 8 high of 1.2893. For an upside reversal, buyers need to breach 1.3200, aiming for two-year high at 1.3266, then 1.3293 and 1.3437. Despite the lack of UK economic data, the docket remains busy across the pond, with goodish data bolstering the Greenback. Therefore, the pair trades at 1.3151, down 0.30%.
3200 figure. This will immediately expose the two-year high at 1.3266. A breach of the latter, and buyers could challenge the March 23, 2022, daily high at 1.3293 ahead of the March 1, 2022, swing high at 1.3437. 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 Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD 0.44% 0.25% 0.54% -0.02% -0.
Majors Currencies Technical Analysis
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
GBP/USD Price Forecast: Tumbles below 1.2800 to five-week lowOn Tuesday, the Pound Sterling prolonged its agony and extended its losses against the Greenback.
Lire la suite »
GBP/USD Price Forecast: Retreats below 1.3220 set for a pullbackThe Pound Sterling retreats from the multi-year highs it reached on Tuesday and registers losses of over 0.40% against the Greenback as traders brace for the release of US inflation data on Friday.
Lire la suite »
GBP/USD Price Forecast: Battles key 1.3210 resistance on the road to recoveryGBP/USD is making a headway back toward the 29-month high set on Tuesday at 1.3266.
Lire la suite »
GBP/USD Price Forecast: Clings to gains, struggles near 1.3100The Pound Sterling clung to minimal gains against the Greenback on Thursday, even though UK economic data revealed that business activity remains solid.
Lire la suite »
GBP/USD Price Forecast: Clings to 1.3200 in sideways tradingThe Pound Sterling begins the week on a positive note, yet remains hovering around the 1.3200 figure, unable to break last Friday new year-to-date (YTD) high of 1.3230, and trades at 1.3204 almost flat.
Lire la suite »
GBP/USD Price Forecast: Reaches new multi-year high above 1.3200The Pound Sterling extended its gains and refreshed multi-year highs at around 1.3246 on Tuesday as the Greenback failed to recover following a surprisingly dovish tilt by Fed Chair Jerome Powell at his Jackson Hole speech.
Lire la suite »