The GBP/USD begins the North American session down by over 0.30% on Monday as traders trim the chances of a 50-basis point Fed interest rate cut in ten days.
GBP/USD downtrend intensifies, with momentum signaling further downside as RSI nears a break below neutral. Key support at 1.3044 could trigger deeper losses, with the 50-DMA at 1.2933 and the 1.2900 mark as critical levels. Buyers must reclaim 1.3239 for a bullish continuation and to regain upward momentum. At the time of writing, the pair trades at 1.3075 after reaching a high of 1.3143. GBP/USD Price Forecast: Technical outlook The GBP/USD has fallen below the 1.
2900. For a bullish continuation, GBP/USD buyers must reclaim last week’s peak at 1.3239. GBP/USD Price Action – Daily Chart British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today. British Pound was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.42% 0.40% 0.34% -0.01% 0.22% 0.52% 0.37% EUR -0.42% -0.07% -0.02% -0.43% -0.25% 0.14% -0.07% GBP -0.40% 0.07% -0.07% -0.35% -0.18% 0.19% -0.
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