GBP/USD Price Forecast: Retreats below 1.3100 as traders eye key US CPI data
10.09.2024, 14:52

GBP/USD Price Forecast: Retreats below 1.3100 as traders eye key US CPI data

  • GBP/USD slips towards key support at 1.3044, with momentum favoring further downside in the short term.
  • RSI is turning bearish, signaling potential losses, with next support at 1.3000 and the 50-DMA at 1.2940.
  • For buyers to regain control, GBP/USD must clear resistance at 1.3143 and push towards 1.3200.

The GBP/USD is on the backfoot after spiking to a daily high of 1.3107 after a solid UK jobs report, though it has retreated below the 1.31 handle as traders await the release of US inflation data. At the time of writing, the pair trades at 1.3052, down 0.17%

GBP/USD Price Forecast: Technical outlook

The GBP/USD fall toward the July 17 peak at 1.3044 could exert downward pressure on the pair and pave the way for further losses.

Momentum favors sellers in the short term. The Relative Strength Index (RSI) remains bullish, though its slope is aiming down and about to turn bearish, which could accelerate Sterling’s fall against the Greenback.

In that scenario, the GBP/USD path of least resistance is tilted to the downside. The first support would be 1.3044, followed by the psychological figure of 1.3000. A breach or the latter will expose the 50-day moving average (DMA) at 1.2940, ahead of the 1.2900 mark.

Conversely, if buyers would like to regain control, they must clear the September 9 high at 1.3143 before having the chance of challenging the 1.3200 figure.

GBP/USD Price Action – Daily Chart

British Pound PRICE Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Canadian Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.14% 0.14% -0.40% 0.35% 0.24% -0.03% -0.23%
EUR -0.14%   0.00% -0.52% 0.20% 0.09% -0.22% -0.38%
GBP -0.14% 0.00%   -0.52% 0.17% 0.11% -0.21% -0.36%
JPY 0.40% 0.52% 0.52%   0.71% 0.62% 0.32% 0.15%
CAD -0.35% -0.20% -0.17% -0.71%   -0.12% -0.38% -0.56%
AUD -0.24% -0.09% -0.11% -0.62% 0.12%   -0.29% -0.46%
NZD 0.03% 0.22% 0.21% -0.32% 0.38% 0.29%   -0.17%
CHF 0.23% 0.38% 0.36% -0.15% 0.56% 0.46% 0.17%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik