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 clings to marginal daily gains above 1.2550 in the second half of the day on Tuesday as the US Dollar fails to build on Monday's upside. Earlier in the day, the upward revision to the UK Manufacturing PMI supported Pound Sterling.
The 200-day Simple Moving Average (SMA) aligns as stiff resistance at 1.2590. In case GBP/USD fails to clear that level, technical sellers could remain interested. On the downside, static support seems to have formed at 1.2540 before 1.2520 (beginning point of the latest uptrend) and 1.2500 (psychological level).
GBP/USD clings to marginal daily gains above 1.2550 in the second half of the day on Tuesday as the US Dollar fails to build on Monday's upside. Earlier in the day, the upward revision to the UK Manufacturing PMI supported Pound Sterling.
The 200-day Simple Moving Average (SMA) aligns as stiff resistance at 1.2590. In case GBP/USD fails to clear that level, technical sellers could remain interested. On the downside, static support seems to have formed at 1.2540 before 1.2520 (beginning point of the latest uptrend) and 1.2500 (psychological level).
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