Created
: 2024.08.30
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
GBP/USD Price Forecast: Extends losing streak, slides below 1.3150
World FX news
Breaking news
GBP/USD Price Forecast: Extends losing streak, slides below 1.3150
2024.08.30 23:38
2024.08.30 23:38
- GBP/USD shows upward bias on daily chart, yet short-term RSI presents mixed signals.
- Hourly chart reveals bearish trend with the pair below 50, 100, and 200-HMAs; sellers aim for 1.3108 and potentially 1.3100.
- Additional supports at August 22 low of 1.3076 and August 20 high of 1.3052.
- Buyers reclaiming 200-HMA at 1.3148 could push recovery to 1.3182 (50-HMA) and 1.3200.
The GBP/USD extends its losing streak to three days yet has bounced off daily/weekly lows of 1.3129 and exchanges hands at 1.3149, down a modest 0.14%. Data from the United States (US) spurred a leg-down in the currency pair as the Fed's preferred gauge for inflation came as expected, hinting that the US Federal Reserve could cut rates at the upcoming September meeting.
GBP/USD Price Forecast: Technical outlook
Daily, the GBP/USD remains upward biased despite retreating toward the 1.3120 area. In the short term, sellers are in charge, as revealed by the Relative Strength Index (RSI), which is bullish but aiming lower and showing mixed readings.
Zooming into the hourly chart, the GBP/USD is bearishly biased, as the exchange rate remains below the 50, 100, and 200-hour moving averages (HMAs), with sellers eyeing last Friday's low of 1.3108. Once cleared could pave the way for testing the 1.3100 figure. A further downside is seen at the August 22 swing low of 1.3076, ahead of the August 20 high at 1.3052.
If GBP/USD buyers reclaim the 200-HMA at 1.3148, this could sponsor a recovery toward the 50-HMA at 1.3182 ahead of 1.3200.
GBP/USD Price Action - Hourly 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 Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.02% | 0.11% | 0.38% | -0.06% | 0.16% | -0.02% | 0.19% | |
| EUR | -0.02% | 0.08% | 0.39% | -0.09% | 0.15% | -0.06% | 0.17% | |
| GBP | -0.11% | -0.08% | 0.29% | -0.17% | 0.07% | -0.14% | 0.06% | |
| JPY | -0.38% | -0.39% | -0.29% | -0.43% | -0.19% | -0.40% | -0.20% | |
| CAD | 0.06% | 0.09% | 0.17% | 0.43% | 0.23% | 0.05% | 0.23% | |
| AUD | -0.16% | -0.15% | -0.07% | 0.19% | -0.23% | -0.20% | 0.00% | |
| NZD | 0.02% | 0.06% | 0.14% | 0.40% | -0.05% | 0.20% | 0.20% | |
| CHF | -0.19% | -0.17% | -0.06% | 0.20% | -0.23% | -0.01% | -0.20% |
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).
Last updated
: 2024.08.30
Related articles
India Gold price today: Gold rises, according to FXStreet data
5 minutes agoUSD/CAD struggles near 1.3555 area, just above two-week low amid bearish USD
7 minutes agoAUD/JPY attracts some sellers to near 97.00 as BoJ maintains rates steady
22 minutes agoGBP/JPY falls to near 189.00 following the BoJ interest rates decision
41 minutes agoGBP/USD Price Forecast: Bulls retain control near 1.3300 mark, highest since March 2022
46 minutes agoAustralian Dollar recovers losses following PBoC interest rates decision
2024.09.20 12:14
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
New
2024.09.20 13:36USD/CAD struggles near 1.3555 area, just above two-week low amid bearish USD
The USD/CAD pair struggles to gain any meaningful traction during the Asian session on Friday and currently trades around the 1.3555 region, well within the striking distance of a nearly two-week low touched the previous day.
New
2024.09.20 13:34AUD/JPY attracts some sellers to near 97.00 as BoJ maintains rates steady
The AUD/JPY cross loses ground around 97.05, snapping the four-day winning streak during the Asian trading hours on Friday.
New
2024.09.20 13:19GBP/JPY falls to near 189.00 following the BoJ interest rates decision
GBP/JPY breaks its four-day winning streak, trading around 189.00 during the Asian session on Friday.
New
2024.09.20 12:59GBP/USD Price Forecast: Bulls retain control near 1.3300 mark, highest since March 2022
The GBP/USD pair trades with a positive bias for the third straight day on Friday and hovers around the 1.3300 mark during the Asian session, just below its highest level since March 2022 touched the previous day.
New
2024.09.20 12:54Australian Dollar recovers losses following PBoC interest rates decision
The Australian Dollar (AUD) recovers its daily losses and extends its winning streak against the US Dollar (USD) following the interest rate decision by the People's Bank of China (PBoC) on Friday.
New
2024.09.20 12:14EUR/JPY slides to mid-158.00s after BoJ policy decision, lacks follow-through
The EUR/JPY cross ticks lower after the Bank of Japan (BoJ) announced its policy decision this Friday and moves away from over a two-week high, around the 160.00 psychological mark touched the previous day.
New
2024.09.20 12:12NZD/USD flat lines around 0.6235-6240 area, remains close to monthly top set on Thursday
The NZD/USD pair seesaws between tepid gains/minor losses through the Asian session on Friday and currently trades around the 0.6235-0.6240 region, well within the striking distance of the monthly peak touched the previous day.
New
2024.09.20 11:52Japan's Suzuki: Will continue to monitor, analyze impact of US rate cut on Japanese economy, financial markets
Japan's Finance Minister Shunichi Suzuki said on Friday that he "will continue to monitor and analyse impact of latest US rate cut on Japanese economy and financial markets." "FRB's view on US economy in line with Japanese government's view that the US economy is likely to expand," he added.
New
2024.09.20 11:31USD/INR weakens as likely inflows boost Indian Rupee
The Indian Rupee (INR) extends its upside on the weaker US Dollar (USD) on Friday.
New
2024.09.20 11:22Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
