GBP/USD Price Forecast: Sinks below 1.2900 amid concerns over Trump’s policies
06.11.2024, 15:41

GBP/USD Price Forecast: Sinks below 1.2900 amid concerns over Trump’s policies

  • GBP/USD breaches key 1.2850 level; eyes 200-day SMA support at 1.2811.
  • Close below 200-day SMA may lead to further losses, with next support at 1.2664.
  • RSI momentum points to bearish control as election fallout pressures Pound.

The Pound Sterling plunged over 1.20% against the US Dollar on Wednesday after former US President Donald Trump won the 2024 Presidential election. Fears of tariffs and protectionist policies weighed on Cable, which is having its worst daily loss since October 3. At the time of writing, GBP/USD trades at 1.2881 after reaching a daily high of 1.3047.

GBP/USD Price Forecast: Technical outlook

The GBP/USD finally broke below the 1.2850 area and hit a daily low of 1.2833 but still fell shy of testing the 200-day Simple Moving Average (SMA) of 1.2811. If the pair achieves a daily close below the 200-day SMA, this will cement its bearish bias, opening the door to test 1.2800. GBP/USD would extend its losses once cleared, and the next support would be seen at 1.2664, the August 8 swing low, followed by the 1.2600 mark.

For a bullish scenario, the GBP/USD must surpass the 1.2900 figure and the 100-day SMA at 1.2985.

Momentum, as measured by the Relative Strength Index (RSI), indicated further downside. The RSI made a U-turn, falling steeper, an indication that sellers are in charge.

GBP/USD Price Chart – Daily

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 Euro.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   1.89% 1.16% 1.77% 0.78% 0.97% 0.71% 1.45%
EUR -1.89%   -0.72% -0.12% -1.08% -0.91% -1.16% -0.42%
GBP -1.16% 0.72%   0.60% -0.37% -0.19% -0.44% 0.30%
JPY -1.77% 0.12% -0.60%   -0.98% -0.80% -1.06% -0.31%
CAD -0.78% 1.08% 0.37% 0.98%   0.18% -0.07% 0.67%
AUD -0.97% 0.91% 0.19% 0.80% -0.18%   -0.26% 0.50%
NZD -0.71% 1.16% 0.44% 1.06% 0.07% 0.26%   0.74%
CHF -1.45% 0.42% -0.30% 0.31% -0.67% -0.50% -0.74%  

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