The Pound Sterling is virtually unchanged against the US Dollar following the release of mixed Purchasing Managers Index (PMI) data from S&P Global and the Institute for Supply Management (ISM).
GBP/USD remains steady, slightly down by 0.05% following mixed US PMI data from S&P Global and ISM. The two-candle chart pattern, the bearish harami suggests further downside is seen. Key support levels lie at the April 29 low of 1.2474 could lead to retesting the yearly low at 1.2299. The Pound Sterling is virtually unchanged against the US Dollar following the release of mixed Purchasing Managers Index data from S&P Global and the Institute for Supply Management .
2552, triggering a two-candle bearish formation – bearish harami. This pattern needs a confirmation past the April 29 low of 1.2474, which would exacerbate a test of the latest swing low of 1.2299. On the other hand, if buyers achieve a daily close above 1.2500, subsequent gains are seen if they challenge the 200-DMA. Once surpassed, the next stop would be the 1.2600 mark. GBP/USD Price Action – Daily Chart GBP/USD Overview Today last price 1.2491 Today Daily Change -0.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Price Analysis: Drops below 200-DMA, at cross-roads to resume downtrendThe Pound Sterling reverses its course against the US Dollar, after extending its gains past the 200-day moving average (DMA).
Read more »
GBP/USD Price Analysis: Tumbles below 1.2500 as bears cut bulls hopes shortDuring the mid-North American session, the Pound Sterling retreats and registers losses against the US Dollar, slumping below 1.2500.
Read more »
GBP/USD Price Analysis: Bulls stepped in as ‘morning star’ chart pattern loomsThe Pound Sterling rallied early in the North American session, gaining more than 0.65% against the US Dollar after softer-than-expected data from the United States (US), which could spur the Federal Reserve to begin to ease policy faster than expected.
Read more »
GBP/USD Price Analysis: Climbs above 1.2500, with bulls targeting 200-DMAThe Pound Sterling advanced sharply against the US Dollar in early trading during Monday’s North American session after hitting a daily low of 1.2474.
Read more »
GBP/USD Price Analysis: Extends recovery above 1.2500, but bears loom around 200-DMAThe Pound Sterling resumed its advance against the US Dollar, climbing more than 0.40% and trading at 1.2518.
Read more »
GBP/USD Price Analysis: Poised to resume downtrend, despite ‘morning star’ formationThe Pound Sterling is experiencing slight losses against the US Dollar, largely due to the influence of high US Treasury yields that are bolstering the Greenback.
Read more »