- The GBP/USD proves the immediate barrier in the nine -day EMA at level 1.2938.
- The 14 -day RSI reinforces a strong bullish impulse by staying above level 50.
- The main support appears at the lower limit of the upward channel about 1,2840.
The GBP/USD pair loses ground after registering profits in the two previous sessions, quoting around 1,2930 during Wednesday’s Asian hours. The technical analysis of the daily chart indicates a continuous bullish bias, with the torque consolidating within an ascending channel pattern.
The 14 -day relative force (RSI) index is positioned above 50, reinforcing a strong bullish impulse. However, the GBP/USD torque has broken below the nine -day exponential (EMA) mobile average, suggesting a bearish change in short -term pricing impulse.
The GBP/USD torque is testing an immediate barrier in the nine -day EMA at level 1,2938. A rebound above this level could rekindle the impulse of short -term prices, followed by the maximum of four months in 1,3014, recorded on March 20. An additional advance could reinforce the bullish bias and support the torque to test the upper limit of the upward channel about 1,3170.
Down, it is likely that the GBP/USD pair sails around the lower limit of the upward channel about 1,2840, followed by the 50 -day EMA in 1,2739. A rupture below this level could weaken the impulse of medium -term prices and exert down pressure on the torque to depreciate towards a minimum of two months at level 1.2249, which was recorded 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 weakest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.07% | 0.10% | 0.41% | -0.00% | -0.04% | -0.18% | 0.10% | |
| EUR | -0.07% | 0.03% | 0.31% | -0.08% | -0.10% | -0.25% | 0.03% | |
| GBP | -0.10% | -0.03% | 0.31% | -0.10% | -0.12% | -0.28% | 0.04% | |
| JPY | -0.41% | -0.31% | -0.31% | -0.40% | -0.45% | -0.58% | -0.28% | |
| CAD | 0.00% | 0.08% | 0.10% | 0.40% | 0.00% | -0.18% | 0.14% | |
| Aud | 0.04% | 0.10% | 0.12% | 0.45% | 0.00% | -0.15% | 0.16% | |
| NZD | 0.18% | 0.25% | 0.28% | 0.58% | 0.18% | 0.15% | 0.30% | |
| CHF | -0.10% | -0.03% | -0.04% | 0.28% | -0.14% | -0.16% | -0.30% |
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.
