GBP USD Technical Analysis - Investing.com (2024)

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What is the target for GBP-USD today? ›

GBP/USD Daily Outlook

Intraday bias in GBP/USD remains neutral for the moment and more range trading could be seen above 1.2664. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 support.

A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The… The bullish trend is currently very strong on GBP/USD.

GBP/USD trades with mild gains above 1.2750 amid subdued US Dollar. GBP/USD is consolidating recovery gains above 1.2750 in European trading. A broadly weaker US Dollar and moderate risk appetite appear to benefit the pair. The upside, however, could be limited due to potential Middle East escalation.

According to the latest data showing how global investors view the currency, investor optimism in the British Pound has reached record levels. H2 Forecasts Have Landed: GBP/EUR can rise to 1.27 by year-end says one forecaster.

There is no best time to trade GBP/USD. It is possible to trade the currency pair 24/7, and you can choose suitable hours depending on your trading strategy and risk tolerance.

- Traders use Bollinger Bands to identify overbought and oversold conditions and potential reversal or continuation signals based on price movements relative to the bands. - Stochastic Oscillator is a momentum indicator that compares the closing price of GBP/USD to its price range over a specified period.

GBPUSD Outlook: GBPUSD – 4H Time Frame – Log Scale

Projected levels beyond 1.28 are 1.2850 and 1.29, which align with the 50% and 61.8% Fibonacci retracement levels of the downtrend between July 2024 and August 2024, respectively.

The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the GBPUSD shows the buy signal, and 1 month rating is neutral.

The sterling has been in a long downward slide against the greenback for many decades, owing to the USD's rise to prominence, the growth of its economy, and GBP negatives, such as Brexit and a widening interest rate gap against the sterling, to name a few current factors.

Is GBPJPY bullish or bearish? ›

GBP/JPY Daily Outlook

Intraday bias in GBP/JPY remains neutral for the moment. Outlook stays bearish as long as 190.48 resistance holds. On the downside, below 183.10 minor support will bring retest of 180.00 first. Break there will resume the fall from 208.09 to 178.32 support next.

GBP/USD Price Forecast: Rebounds at around 200-DMA, climbs above 1.2700. Pound Sterling surges 0.40% after bouncing off weekly lows near 1.2654. RSI indicates upward momentum, with buyers aiming for 1.2785 and 1.2800.

Medium-term outlook: Is the Pound going to rise or fall against the Dollar in the coming months? In five months the Pound-to-Dollar exchange rate is forecast to trade at 1.2848 (Q4 2024), 0.19% higher compared to today's price. In eight months the expected rate is at 1.2747 (Q1 2025), 0.6% lower.

The GBP / USD rate today is 1.2756 compared to yesterdays rate of 1.2747. This is a difference of 0.0009 which is a 0.07% increase.