- GBP/USD challenges immediate resistance near a four-month high of 1.3014.
- The pair will climb above the nine-day EMA, bolstering the bullish outlook for short-term price action.
- The 9-day EMA of 1.2936 serves as the closest level of support.
The GBP/USD pair has been stable profitable from the previous session, hovering around 1.2950 during Asian trading hours on Friday. Technical analysis of daily charts suggests a sustained bullish outlook, with the pairs consolidating within rising channel patterns.
The 14-day relative strength index (RSI) is above 50, indicating strong bullish momentum. Additionally, the GBP/USD pair rebounds above the nine-day exponential moving average (EMA), strengthening the bullish outlook for short-term price movements.
The GBP/USD pair could encounter initial resistance near a four-month high of 1.3014 recorded on March 20th.
On the downside, a 9-day EMA of 1.2936 serves as immediate support, followed by the lower limit of upward channels of nearly 1.2880. Below this critical zone, short-term price momentum will weaken, and the 50-day EMA will serve as the next key support for 1.2752. Further declines below this level could erode the bullish outlook for the medium term, potentially pushing the pair to a two-month minimum of 1.2249 recorded on February 3rd.
GBP/USD: Daily Charts
British pound prices today
The table below shows the rate of change in the British pound (GBP) against the major currencies listed today. The British pound was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.05% | 0.01% | -0.15% | 0.05% | 0.34% | 0.43% | 0.07% | |
| EUR | -0.05% | -0.06% | -0.23% | -0.02% | 0.27% | 0.36% | -0.00% | |
| GBP | -0.01% | 0.06% | -0.16% | 0.04% | 0.32% | 0.42% | 0.05% | |
| JPY | 0.15% | 0.23% | 0.16% | 0.20% | 0.49% | 0.59% | 0.23% | |
| CAD | -0.05% | 0.02% | -0.04% | -0.20% | 0.28% | 0.35% | 0.02% | |
| aud | -0.34% | -0.27% | -0.32% | -0.49% | -0.28% | 0.09% | -0.27% | |
| NZD | -0.43% | -0.36% | -0.42% | -0.59% | -0.35% | -0.09% | -0.36% | |
| CHF | -0.07% | 0.00% | -0.05% | -0.23% | -0.02% | 0.27% | 0.36% |
The heatmap shows the rate of change of each other's major currencies. The base currency is selected from the left column, and the estimated currency is selected from the top row. For example, if you choose the British pound from the left column and move it along the horizon to US dollars, the rate of change shown in the box represents GBP (base)/USD (QUOTE).
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