GBP/USD Price Analysis: Climbs yet remain contained below 1.2600

GBP/USD edges higher on soft US Dollar, climbs above 200-DMA. If buyers reclaim 1.2600, look for a test of 1.2700 in the near term. Once the pair tumbles below 1.2500, look for a drop toward 1.2445 and 1.2299. The Pound Sterling gains traction against the US Dollar and climbs above the 200-day moving average of 1.2541 in early trading during the North American session. At the time of writing, the GBP/USD trades at 1.2566, up by 0.36%.

On the other hand, a bearish resumption is most likely once sellers’ step in and breach below the 200-DMA and 1.2500. If those two levels are taken out, the next support emerges at 1.2445 the May 9 low, followed by the April 22 low of 1.2299. GBP/USD Price Action – Daily Chart GBP/USD Overview Today last price 1.2563 Today Daily Change 0.0038 Today Daily Change % 0.30 Today daily open 1.2525 Trends Daily SMA20 1.2484 Daily SMA50 1.2599 Daily SMA100 1.2637 Daily SMA200 1.

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GBP/USD Price Analysis: Climbs above 1.2500, with bulls targeting 200-DMAThe Pound Sterling advanced sharply against the US Dollar in early trading during Monday’s North American session after hitting a daily low of 1.2474.
Source: FXStreetNews - 🏆 14. / 72 Read more »

GBP/USD Price Analysis: Tumbles below crucial 1.2500 as bears move inThe Pound Sterling tumbled in early trading during the North American session, dropping below the 1.2500 figure amid renewed US Dollar strength.
Source: FXStreetNews - 🏆 14. / 72 Read more »