GBPUSD Weekly Forecast: GBPUSD to reclaim 200-day moving average during Thanksgiving week
GBPUSD BUYERS Still unstoppable for the second week in a row, despite the lack of bullish momentum from the much-anticipated UK Autumn Budget. Sterling has also remained resilient to the dollar’s recent rally as attention now turns to the minutes of the U.S. Federal Reserve’s November policy meeting, which will be released during Thanksgiving week. read more…
GBP/USD holds gains around 1.1900 amid dollar weakness, lacks bullish conviction
GBP/USD maintained modest intraday gains during the European morning and is currently trading around the 1.1900 round-figure mark. A combination of factors helped GBP/USD regain positive momentum on the final day of the week as investors ignored the rather modest UK government’s £55 billion fiscal plan outlined in the Autumn Budget. Yes Expectations that the Bank of England will continue to raise interest rates to combat stubbornly high inflation are positive for the pound. Beyond that, better-than-expected UK monthly retail sales data provided some support for spot prices amid weak dollar price action. Read more…
GBP/USD
Overview
Today’s Latest Price 1.1884
Today Daily change 0.0000
Today’s daily change% 0.00
Today’s daily opening 1.1884
Trend
Daily SMA 201.1584
Daily SMA501.137
Daily SMA1001.1645
Daily SMA2001.2224
level
previous day high 1.1951
The low of the previous day was 1.1858
The high of the previous week was 1.2029
previous weekly low 1.171
previous month high 1.1646
Previous month low 1.0924
Daily Fibonacci 38.2% 1.1915
Daily Fibonacci 61.8% 1.1893
Daily Pivot Point S11.1844
Daily Pivot Point S21.1805
Daily Pivot Point S31.1751
Daily Pivot Point R11.1937
Daily Pivot Point R21.19 9
Daily Pivot Point R31.203
GBP/USD moves higher as traders eye US existing home sales
To 1.1880 Sterling (GBP) edged north of 1.1880 on risk appetite, as indicated by US stock futures climbing for no fundamental reason after a string of Fed officials signaled rates would remain low .
At the time of writing, GBP/USD was trading at 1.1882, 0.35% above its opening price, taking advantage of broad-based weakness in the US Dollar (USD). read more…
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