The GBP/USD pair remains range-bound between 1.2686 and 1.2785, with resistance at the 50-day moving average (DMA) capping further gains. Sellers continue to maintain control, as indicated by the Relative Strength Index (RSI) being below the 50-neutral line, suggesting continued sideways movement.
If the pair falls below 1.2700, key support levels to watch for are 1.2686, 1.2659, and 1.2600. On the other hand, if GBP/USD breaks above 1.2786, resistance levels to keep an eye on include 1.2800 and 1.2861.
GBP/USD Price Forecast: Technical Outlook
The Pound Sterling is consolidating around the 1.2758 level, facing strong resistance at the 50-DMA at 1.2784. Despite three consecutive days of gains, sellers remain in control, with the RSI indicating a neutral bias below the 50 mark.
If the GBP/USD breaches the 1.2700 support, the next levels to watch are 1.2686 and 1.2659. Conversely, if the pair surpasses 1.2786, resistance levels at 1.2800 and 1.2861 could come into play.
GBP/USD Price Action – Daily Chart
Pound Sterling FAQs
The Pound Sterling (GBP) is the oldest currency in the world, with key trading pairs including GBP/USD, GBP/JPY, and EUR/GBP. The value of the Pound is influenced by factors such as monetary policy, economic data releases, and trade balance indicators.
British Pound PRICE Today
The table below shows the percentage change of the British Pound (GBP) against major currencies today. The Pound was strongest against the Japanese Yen, with fluctuations against other currencies.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.02% | -0.02% | 0.02% | 0.74% | 0.02% | -0.34% | -0.35% | 0.53% |
| EUR | 0.02% | 0.02% | -0.02% | 0.81% | 0.04% | -0.44% | -0.33% | 0.56% |
| GBP | 0.02% | -0.02% | 1.04% | 0.02% | -0.47% | -0.35% | 0.55% | |
| JPY | -0.74% | -0.81% | -1.04% | -0.75% | -1.19% | -1.13% | -0.28% | |
| CAD | -0.02% | -0.04% | -0.02% | 0.75% | -0.42% | -0.37% | 0.54% | |
| AUD | 0.34% | 0.44% | 0.47% | 1.19% | 0.42% | 0.12% | 1.02% | |
| NZD | 0.35% | 0.33% | 0.35% | 1.13% | 0.37% | -0.12% | 0.90% | |
| CHF | -0.53% | -0.56% | -0.55% | 0.28% | -0.54% | -1.02% | -0.90% |
The heat map displays the percentage changes of major currencies against each other. Understanding these fluctuations can help in making informed trading decisions.