GBP/USD Price Forecast: Bullish but stalls at 1.3000

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GBP/USD Price Forecast: Bullish but stalls at 1.3000
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The Pound Sterling recovered some ground against the US Dollar, though it failed for the second consecutive trading day to reach 1.3000.

GBP/USD consolidates below 1.3000, with RSI indicating a slight upward shift but lacking the strength to break recent peaks. A GBP/USD breakout above 1.3000 could target resistance at 1.3076 and 1.3102, followed by the 50-day SMA at 1.3140. Key support levels lie at the 100-day SMA at 1.2969 and last week’s low of 1.2906, with further downside to the 200-day SMA at 1.2803. This exacerbated a pullback toward the current exchange rate, as the GBP/USD trades at 1.2981, slightly above 0.

2969 before challenging last week’s lowest point at 1.2906. On further weakness, bears could drive the GBP/USD to test the 200-day SMA at 1.2803. GBP/USD Price Chart – Daily British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today. British Pound was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.22% -0.20% -0.14% 0.06% 0.12% -0.07% -0.28% EUR 0.22% 0.12% 0.02% 0.28% 0.42% 0.14% -0.05% GBP 0.

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