The Pound Sterling lost some steam against the US Dollar in early trading during Wednesday’s North American session after hitting a yearly peak of 1.3429.
GBP/USD drops to 1.3389 from a yearly high of 1.3429 as the US Dollar strengthens. Pullback to the top of an ascending channel at 1.3363 may offer buying opportunities, with RSI still favoring buyers. Maintaining above 1.3363 could push GBP/USD to retest the yearly high of 1.3429 and aim for 1.3437, 1.3450, and 1.3500. Falling below 1.3363 might lead to testing the week’s low at 1.3248 and further support at the September 19 low of 1.3153. The GBP/USD trades at 1.3389, down 0.
Conversely, if the pair slumps past 1.3363, it could hit the current week’s low of 1.3248. On further weakness, the bulls’ following line of defense will be the September 19 daily low of 1.3153. 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 0.06% 0.29% 0.79% 0.20% 0.43% 0.60% 0.66% EUR -0.
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