The British Pound lost ground versus the US Dollar after hitting a three-month high of 1.2817 yet retreated below 1.2800 during the European session.
GBP/USD retreats at technical confluence around 1.2800. Key support levels lie at 1.2694, 1.2635, and 1.2600. The GBP/USD could test a YTD high if buyers reclaim 1.2800. Data from the United States showed the labor market is cooling yet keeping the Greenback in the driver’s seat. The GBP/USD trades at 1.2775, down 0.25%.
Once cleared, the next stop would be the 100-day moving average , which converges with the May 3 high at 1.2635, followed by the 1.2600 mark. On the flip side, buyers reclaiming 1.2800 could sponsor a test of the year-to-date high of 1.2893, followed by 1.2900. GBP/USD Price Action – Daily Chart GBP/USD Overview Today last price 1.278 Today Daily Change -0.0028 Today Daily Change % -0.22 Today daily open 1.2808 Trends Daily SMA20 1.2667 Daily SMA50 1.2589 Daily SMA100 1.2634 Daily SMA200 1.
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