- The GBP/USD can point to the immediate resistance in the maximum of four months of 1,2989.
- If the 14 -day RSI exceeds 70, it will indicate overcompra conditions and a possible downward correction.
- The pair is expected to find immediate support in the 9 -day EMA of 1,2895.
The GBP/USD pair extends its loss streak per third consecutive session, quoting around 1,2940 during the Asian hours of Monday. The technical analysis of the daily chart suggests a continuous bullish bias, with the torque moving up into an ascending channel pattern.
The 14 -day relative force (RSI) index remains slightly below 70, indicating a strengthened bullish impulse. Additional gains will indicate an overcompra condition and a downward correction sooner. In addition, the GBP/USD continues to quote over the 9 -day exponential (EMA) mobile average, reinforcing a short -term strong price dynamic and confirming the ongoing upward trend.
Upwards, the GBP/USD torque can challenge the main resistance in the maximum of four months of 1,2989, reached on March 12, followed by the maximum of five months in 1,3048, registered on November 6, and the upper limit of the ascending channel about 1,3050.
It is likely that the GBP/USD torque will find immediate support in the 9 -day EMA of 1,2895. A rupture below this level could weaken the impulse of short -term prices, potentially leading to the lower limit of the ascending channel about 1,2730, followed by the 50 -day EMA in 1,2665.
GBP/USD: Daily graphic
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. Libra sterling was the weakest currency against the Canadian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.03% | 0.03% | 0.10% | -0.06% | 0.12% | -0.18% | -0.06% | |
| EUR | 0.03% | -0.06% | -0.28% | -0.02% | 0.00% | -0.17% | -0.06% | |
| GBP | -0.03% | 0.06% | 0.10% | -0.17% | 0.06% | -0.12% | -0.06% | |
| JPY | -0.10% | 0.28% | -0.10% | -0.15% | -0.19% | -0.23% | -0.28% | |
| CAD | 0.06% | 0.02% | 0.17% | 0.15% | -0.03% | -0.13% | -0.55% | |
| Aud | -0.12% | -0.01% | -0.06% | 0.19% | 0.03% | -0.15% | -0.05% | |
| NZD | 0.18% | 0.17% | 0.12% | 0.23% | 0.13% | 0.15% | 0.11% | |
| CHF | 0.06% | 0.06% | 0.06% | 0.28% | 0.55% | 0.05% | -0.11% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
