GBP/USD Price forecast: Round the 1,3300 zone while the nine -day EMA limits the rise

  • The GBP/USD faces initial resistance in the nine -day EMA of 1,3303.
  • The 14 -day RSI remains above 50, suggesting that a bullish bias is still at stake.
  • A rupture below the 50 -day EMA of 1,3054 could weaken the impulse of medium -term prices.

The GBP/USD torque tries to maintain its position after registering profits in the previous session, quoting around 1,3300 during the Asian negotiation hours on Tuesday. The technical analysis in the daily chart suggests a short -term neutral pricing impulse, since the pair is floating around the nine -day exponential mobile average (EMA).

However, the GBP/USD torque continues to quote the relative force index (RSI) of 14 days that remains above 50, suggesting that an upward bias remains at stake. Additional movements will offer a clear directional trend.

The GBP/USD torque faces initial resistance in the nine -day EMA of 1,3303. A successful rupture above this level could improve the impulse of short -term prices and support the torque to test the psychological level of 1,3400, followed by 1,3445, reached on April 28 and the lowest since February 2022.

At the bottom, the GBP/USD torque could find its initial support in the 50 -day EMA of 1,3054. A rupture below this level could weaken the impulse of medium -term prices and exert down pressure on the torque to navigate the region around its monthly minimum in 1,2708, registered on April 7. An additional support appears in the minimum of two months of 1,2577, registered on March 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 Swiss Franco.

USD EUR GBP JPY CAD Aud NZD CHF
USD -0.06% -0.02% 0.03% -0.05% 0.06% -0.27% 0.07%
EUR 0.06% 0.03% 0.10% 0.01% 0.11% -0.20% 0.13%
GBP 0.02% -0.03% 0.04% -0.02% 0.10% -0.24% 0.12%
JPY -0.03% -0.10% -0.04% -0.08% 0.03% -0.21% 0.06%
CAD 0.05% -0.01% 0.02% 0.08% 0.10% -0.22% 0.14%
Aud -0.06% -0.11% -0.10% -0.03% -0.10% -0.31% 0.04%
NZD 0.27% 0.20% 0.24% 0.21% 0.22% 0.31% 0.36%
CHF -0.07% -0.13% -0.12% -0.06% -0.14% -0.04% -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

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