GBP/USD Price Forecast: Dives below 200-day SMA and 1.2800
12.11.2024, 15:10

GBP/USD Price Forecast: Dives below 200-day SMA and 1.2800

  • GBP/USD breaches 200-day SMA, turning bearish with potential to test support at 1.2700.
  • Mixed labor data and technical indicators suggest further downside risk for the Pound.
  • Recovery above 1.2800 needed for bullish resumption, with 1.2900 and 1.2993 as key targets.

The Pound Sterling plummets more than 0.60% on Tuesday, after labor market data was mixed, with the Unemployment Rate rising sharply, as the economy added over 220K jobs to the economy, 150K less than in the previous reading. At the time of writing, the GBP/USD trades at 1.2792, below the 1.2800 handle for the first time since mid-August 2024.

GBP/USD Price Forecast: Technical outlook

The GBP/USD plunged below the 200-day Simple Moving Average (SMA) of 1.2817. A daily close confirmation would turn the pair bearish, and it might open the door to test the next intermediate support at the 1.2700 figure, followed by major support at August 8 swing low of 1.2664.

For a bullish continuation, buyers must regain 1.2800 and lift the spot prices above the 1.2833/43 are, support levels hit on November 6 and October 31, respectively, before testing 1.2900. Up next would be the 100-day SMA at 1.2993.

Indicators such as the Relative Strength Index (RSI) remains deeply bearish, though not yet turned oversold. Therefore, further GBP/USD downside is seen.

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 Australian Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.43% 0.73% 0.54% 0.10% 0.54% 0.42% 0.13%
EUR -0.43%   0.31% 0.13% -0.32% 0.11% -0.00% -0.29%
GBP -0.73% -0.31%   -0.20% -0.63% -0.18% -0.32% -0.60%
JPY -0.54% -0.13% 0.20%   -0.44% 0.00% -0.12% -0.41%
CAD -0.10% 0.32% 0.63% 0.44%   0.44% 0.32% 0.03%
AUD -0.54% -0.11% 0.18% 0.00% -0.44%   -0.12% -0.41%
NZD -0.42% 0.00% 0.32% 0.12% -0.32% 0.12%   -0.29%
CHF -0.13% 0.29% 0.60% 0.41% -0.03% 0.41% 0.29%  

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