During the mid-North American session, the Pound Sterling retreats and registers losses against the US Dollar, slumping below 1.2500. Data from the United States showed that inflation is picking up, which would deter Fed intentions from cutting interest rates. The GBP/USD trades at 1.2481, down 027%.
Although the GBP/USD closed three days of consecutive gains, it remains downward biased, as buyers failed to crack stir resistance at the 200-day moving average (DMA) at 1.2557. That exposed the 1.2500 figure, which was surrendered by fundamental news.
If the GBP/USD finishes Friday’s session at around the 1.2480, that will form a ‘dark cloud cover,’ opening the door for further losses. The next support would be 1.2400, followed by the year-to-date (YTD) at 1.2300.
On the other hand, if buyers lift the spot price above 1.2500, that would open the door to challenge the 200-DMA.
Overview | |
---|---|
Today last price | 1.2481 |
Today Daily Change | -0.0033 |
Today Daily Change % | -0.26 |
Today daily open | 1.2514 |
Trends | |
---|---|
Daily SMA20 | 1.2524 |
Daily SMA50 | 1.2626 |
Daily SMA100 | 1.2651 |
Daily SMA200 | 1.2559 |
Levels | |
---|---|
Previous Daily High | 1.2527 |
Previous Daily Low | 1.2454 |
Previous Weekly High | 1.2499 |
Previous Weekly Low | 1.2367 |
Previous Monthly High | 1.2894 |
Previous Monthly Low | 1.2575 |
Daily Fibonacci 38.2% | 1.2499 |
Daily Fibonacci 61.8% | 1.2482 |
Daily Pivot Point S1 | 1.247 |
Daily Pivot Point S2 | 1.2426 |
Daily Pivot Point S3 | 1.2397 |
Daily Pivot Point R1 | 1.2542 |
Daily Pivot Point R2 | 1.2571 |
Daily Pivot Point R3 | 1.2614 |
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