- The GBP/USD challenges the immediate resistance near the maximum of four months of 1,3014.
- The torque rises above the nine -day EMA, strengthening the upward perspective for short -term price action.
- The nine -day EMA in 1,2936 acts as the closest level of support.
The GBP/USD pair remains stable after the profits in the previous session, oscillating around 1,2950 during Friday’s Asian negotiation hours. The technical analysis of the daily graphic suggests a sustained bullish perspective, with the torque consolidating within an ascending channel pattern.
The 14 -day relative force (RSI) index remains above 50, pointing out a strong bullish impulse. In addition, the GBP/USD pair bounces above the nine -day exponential mobile average (EMA), reinforcing an upward perspective for the movement of the short -term price.
The GBP/USD torque could find initial resistance near the maximum of four months of 1,3014, registered on March 20. A continuous advance could strengthen the bullish bias, potentially leading to the torque towards the upper limit of the ascending channel around 1,3210.
Downwards, the nine -day EMA in 1,2936 serves as immediate support, followed by the lower limit of the ascending channel about 1,2880. A rupture below this critical area could weaken the impulse of the short -term price, with the 50 -day EMA in 1,2752 acting as the following key support. An additional decrease below this level could erode the medium -term bullish perspective, potentially pushing the torque towards the minimum of two months of 1,2249, registered on February 3.
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 strongest currency 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 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.
