The Pound Sterling is experiencing slight losses against the US Dollar, largely due to the influence of high US Treasury yields that are bolstering the Greenback. This trend was fueled by the release of economic data, which showed that Durable Goods exceeded expectations, leading to a surge in US yields and a favorable environment for the USD. The GBP/USD is currently trading at 1.2444, reflecting a 0.04% decrease.
After forming a ‘morning star,’ the GBP/USD is set to continue to print gains, but traders must decisively clear the April 23 high at 1.2458, which would pave the way toward 1.2500. Up next, the first crucial resistance level would be the 200-day moving average (DMA) at 1.2561, followed by 1.2600.
On the other hand, if GBP/USD remains constrained by the April 23 high, that could pave the way for a retracement to 1.2400. A decisive break would expose April 22 low at 1.2299, which, once surpassed, could open the door to test an upslope support trendline drawn from March 2023 lows that pass at around 1.2250/60.
Overview | |
---|---|
Today last price | 1.2441 |
Today Daily Change | -0.0008 |
Today Daily Change % | -0.06 |
Today daily open | 1.2449 |
Trends | |
---|---|
Daily SMA20 | 1.2538 |
Daily SMA50 | 1.2629 |
Daily SMA100 | 1.2652 |
Daily SMA200 | 1.2563 |
Levels | |
---|---|
Previous Daily High | 1.2459 |
Previous Daily Low | 1.2332 |
Previous Weekly High | 1.2499 |
Previous Weekly Low | 1.2367 |
Previous Monthly High | 1.2894 |
Previous Monthly Low | 1.2575 |
Daily Fibonacci 38.2% | 1.241 |
Daily Fibonacci 61.8% | 1.238 |
Daily Pivot Point S1 | 1.2368 |
Daily Pivot Point S2 | 1.2287 |
Daily Pivot Point S3 | 1.2241 |
Daily Pivot Point R1 | 1.2495 |
Daily Pivot Point R2 | 1.254 |
Daily Pivot Point R3 | 1.2621 |
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