The GBP/USD pair remains above the 1.3100 level, with buyers in control and targeting the key resistance at 1.3200. If the pair manages to clear 1.3179, it could pave the way for a challenge towards the March 2022 high of 1.3298, with further upside potential towards 1.3437.
On the flip side, a pullback below 1.3150 could lead to a test of the crucial support levels at 1.3100 and 1.3044, with the 50-day moving average (DMA) at 1.2914 acting as additional support.
The GBP/USD pair is currently trading at 1.3166, showing resilience despite mixed US jobs data and expanding business activity. The Relative Strength Index (RSI) indicates that buyers are in charge and could push the pair higher towards the 1.3200 level.
GBP/USD Price Forecast: Technical Outlook
The GBP/USD pair’s technical outlook remains bullish as long as it stays above the 1.3100 level. A break above 1.3179 could trigger a move towards 1.3200, followed by potential rallies to 1.3298 and 1.3437. On the downside, a drop below 1.3150 could lead to a test of 1.3100 and 1.3044 support levels.
GBP/USD Price Action – Daily Chart
British Pound PRICE Today
The table below shows the percentage change of the British Pound (GBP) against major currencies today. The GBP was the strongest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | -0.09% | 0.14% | 0.06% | 0.04% | -0.11% | 0.22% | |
| EUR | -0.03% | -0.10% | 0.16% | 0.06% | 0.01% | -0.09% | 0.19% | |
| GBP | 0.09% | 0.10% | 0.23% | 0.17% | 0.11% | 0.00% | 0.29% | |
| JPY | -0.14% | -0.16% | -0.23% | -0.09% | -0.13% | -0.27% | 0.06% | |
| CAD | -0.06% | -0.06% | -0.17% | 0.09% | -0.02% | -0.16% | 0.14% | |
| AUD | -0.04% | -0.01% | -0.11% | 0.13% | 0.02% | -0.12% | 0.18% | |
| NZD | 0.11% | 0.09% | -0.01% | 0.27% | 0.16% | 0.12% | 0.30% | |
| CHF | -0.22% | -0.19% | -0.29% | -0.06% | -0.14% | -0.18% | -0.30% |
The heat map displays the percentage changes of major currencies against each other, providing insights into the GBP’s performance against different currencies.
Overall, the GBP/USD pair is poised for further gains if it breaks above 1.3179, with potential targets at 1.3200, 1.3298, and 1.3437. On the downside, a drop below 1.3150 could lead to a test of key support levels at 1.3100 and 1.3044. Traders should monitor these levels closely for potential trading opportunities.