GBP/USD staged a rebound and rose above 1.2700 after touching its lowest level in two weeks below 1.2670 on Tuesday. Investors refrain from taking large positions ahead of the Fed and the BoE policy meetings, making it difficult for the pair to gather directional momentum.
In case GBP/USD starts correcting higher, the Fibonacci 50% retracement level of the latest uptrend could act as first resistance near 1.2710 before the 100-period Simple Moving Average (SMA) at 1.2730 and 1.2750 (Fibonacci 38.2% retracement, descending trend line)
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
In case GBP/USD starts correcting higher, the Fibonacci 50% retracement level of the latest uptrend could act as first resistance near 1.2710 before the 100-period Simple Moving Average (SMA) at 1.2730 and 1.2750 (Fibonacci 38.2% retracement, descending trend line)
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
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