The Pound Sterling Makes a Strong Comeback Against the Greenback
Amidst the hustle and bustle of the North American trading session, the Pound Sterling showed resilience by surpassing the key level of 1.3000 against the US Dollar. The GBP/USD pair managed to break through the 100-day Simple Moving Average (SMA) resistance at 1.2982, currently trading at 1.3011, marking a 0.43% increase.
Technical Analysis: What Lies Ahead for GBP/USD?
- Buyers are eyeing October’s 30 high of 1.3047 as their next target.
- A successful breach of this level could propel the pair towards 1.3100.
- Resistance at the 50-day SMA stands at 1.3118.
If buyers maintain their momentum and push the pair above these levels, a bullish trend could be confirmed. However, failure to hold above 1.3000 might lead to a retracement towards the support level at 1.2908, followed by 1.2843 and 1.2810 respectively.
While indicators suggest a bullish bias, caution is advised as the Relative Strength Index (RSI) is yet to break above the 50 neutral line.
GBP/USD Price Chart – Daily
British Pound Price Today Against Major Currencies
The table below displays the percentage change of the British Pound (GBP) against major currencies as of today:
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.21% | -0.34% | -0.08% | -0.26% | -0.68% | -0.49% | 0.00% |
The heat map illustrates the percentage changes of major currencies against each other. The base currency is on the left column, and the quote currency is on the top row.
Stay informed and make wise investment decisions based on the latest market movements and currency trends. Understanding the dynamics of currency pairs can help you navigate the financial markets with confidence and agility.