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.
GBP/USD benefits from the improving risk mood and trades above 1.2600 in the American session. Earlier in the day, stronger-than-forecast NFP growth data from the US provided a boost to the USD and weighed heavily on the pair.
The Relative Strength Index (RSI) indicator holds slightly above 50 and GBP/USD closed above the 200-day Simple Moving Average (SMA) for the second straight on Tuesday. The pair, however, failed to clear the 100-day SMA at 1.2670.
In case GBP/USD flips 1.2670 into support, technical buyers could show interest. In this scenario, 1.2710 (Fibonacci 50% retracement of the latest downtrend) could be seen as first resistance before 1.2750 (Fibonacci 61.8% retracement).
GBP/USD benefits from the improving risk mood and trades above 1.2600 in the American session. Earlier in the day, stronger-than-forecast NFP growth data from the US provided a boost to the USD and weighed heavily on the pair.
The Relative Strength Index (RSI) indicator holds slightly above 50 and GBP/USD closed above the 200-day Simple Moving Average (SMA) for the second straight on Tuesday. The pair, however, failed to clear the 100-day SMA at 1.2670.
In case GBP/USD flips 1.2670 into support, technical buyers could show interest. In this scenario, 1.2710 (Fibonacci 50% retracement of the latest downtrend) could be seen as first resistance before 1.2750 (Fibonacci 61.8% retracement).
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