The Pound Sterling registered minimal gains versus the US Dollar during the North American session after reaching a two-and-a-half-year high of 1.3340 on an upbeat retail sales report in the UK.
GBP/USD hits resistance at 1.3340 and forms a potential ‘shooting star’ candlestick, signaling possible further losses. Key support lies at 1.3250, with additional levels at 1.3239, 1.3200, and the July 14 peak at 1.3142. On the upside, GBP/USD must reclaim 1.3300 to retest the YTD high of 1.3340, with further resistance at 1.3437. At the time of writing, the GBP/USD trades at 1.3282, a gain of 0.03%.
Conversely, if GBP/USD reclaims 1.3300, the first resistance would be the year-to-date high of 1.3340 ahead of the March 1, 2022, pivot high at 1.3437. GBP/USD Price Action – Daily Chart 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 0.20% 0.10% 1.21% 0.19% 0.45% 0.40% 0.39% EUR -0.20% -0.11% 1.05% -0.03% 0.23% 0.21% 0.
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