During the North American session, the British Pound registered modest gains versus the US Dollar. The Bank of England (BoE) will decide on monetary policy in a week. That and an upbeat market sentiment underpin the GBP/USD's higher trading at around 1.2579, above a key support level.
The GBP/USD is neutral to upward biased in the near term after breaching the 200-day moving average (DMA) at 1.2547. From a momentum standpoint, the Relative Strength Index (RSI) shifted bullishly, which could open the door for challenging the 1.2600 mark, slightly below the 50-DMA at 1.2609.
A breach of the latter will expose the confluence of the May 3 high and the 100-DMA at around 1.2634/42 before edging toward 1.2700.
On the other hand, if the GBP/USD tumbles below the 200-DMA, sellers could regain control. The first support would be the 1.2500 figure, followed by the May 1 low of 1.2466. Once cleared, the next stop would be 1.2400, followed by the April 22 low of 1.2299.
Overview | |
---|---|
Today last price | 1.2578 |
Today Daily Change | 0.0031 |
Today Daily Change % | 0.25 |
Today daily open | 1.2547 |
Trends | |
---|---|
Daily SMA20 | 1.2497 |
Daily SMA50 | 1.2613 |
Daily SMA100 | 1.2645 |
Daily SMA200 | 1.2549 |
Levels | |
---|---|
Previous Daily High | 1.2635 |
Previous Daily Low | 1.253 |
Previous Weekly High | 1.2635 |
Previous Weekly Low | 1.2466 |
Previous Monthly High | 1.2709 |
Previous Monthly Low | 1.23 |
Daily Fibonacci 38.2% | 1.2595 |
Daily Fibonacci 61.8% | 1.257 |
Daily Pivot Point S1 | 1.2506 |
Daily Pivot Point S2 | 1.2465 |
Daily Pivot Point S3 | 1.2401 |
Daily Pivot Point R1 | 1.2612 |
Daily Pivot Point R2 | 1.2676 |
Daily Pivot Point R3 | 1.2717 |
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