(VIANEWS) – GBP/USD (GBPUSD) has been up by 2.87% for the last 21 sessions. At 19:07 EST on Tuesday, 15 August, GBP/USD (GBPUSD) is $1.27.
Gbp/usd oscillates in a range below 1.2700 mark, traders keenly await UK jobs data
Nevertheless, the data will determine how many further rate hikes the BoE has left in the tank and provide a fresh directional impetus to the GBP/USD pair., The GBP/USD pair fails to capitalize on the overnight modest bounce from the 100-day Simple Moving Average (SMA), near the 1.2615 area, or its lowest level since late June and oscillates in a narrow range during the Asian session on Tuesday.
Gbp/usd upthrust spurred by uk’s wage growth, despite US retail sales surge
A daily close above those levels could impulse the GBP/USD exchange rate toward the 1.2800 figure, followed by 1.2900 and the July 27 pivot high at 1.2995. , Although the GBP/USD remains in consolidation, it acquired a slight bullish bias, but its advancement is being capped by the 50 and 20-day Exponential Moving Average (EMA), each at 1.2734 and 1.2756, respectively.
GBP/USD’s yearly highs and lows, it’s 22.362% up from its 52-week low and 3.363% down from its 52-week high.
Volatility
GBP/USD’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.16%, a negative 0.15%, and a positive 0.36%, respectively.
GBP/USD’s highest amplitude of average volatility was 0.23% (last week), 0.35% (last month), and 0.36% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/USD’s Forex is considered to be overbought (>=80).
Previous days news about GBP/USD (GBPUSD)
- Gbp/usd struggles to justify hawkish boe concerns around 1.2700, UK inflation, FOMC minutes in focus. According to FXStreet on Monday, 14 August, "Above all, fears of the British recession gained major attention and joined economic/geopolitical fears from China to underpin the US Treasury bond yields, which in turn exerts downside pressure on the GBP/USD price.", "Although a downside break of an ascending trend line from early March, around 1.2830 at the latest, keeps the GBP/USD bears hopeful, a six-week-old rising support line surrounding 1.2630 restricts immediate declines of the Cable pair."
- Pound sterling price news and forecast: gbp/usd extends its downside around 1.2665. According to FXStreet on Monday, 14 August, "The GBP/USD pair remains under pressure and trades in a negative territory for the fourth consecutive week. "
- Gbp/usd price analysis: rebound at two-week lows, as double-bottom suggests potential gains. According to FXStreet on Monday, 14 August, "From a technical perspective, the GBP/USD is neutral-upward biased, as the major dived towards the 100-day Exponential Moving Average (EMA) at 1.2609. ", "GBP/USD aims upward for minimal gains of 0.02% as the Asian session begins, but still printing weekly losses following Monday’s session in which the GBP/USD lost 0.10% and reached a two-week low. "
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