The British Pound erases some of its previous losses against the US Dollar and rises some 0.29%, as the GBP/USD aims above 1.2700 after bouncing off a daily low of 1.2674.
GBP/USD jumps above 1.2700 on softer US data, yet the pair remains sideways. Key resistance emerges at 1.2761, 1.2800, and the YTD high near 1.2900. Support is seen at 1.2700, 1.2674, and the confluence of May 3 high and 100-DMA. Data from the United States was cheered by market participants and weighed on the safe-haven peers, like the Greenback. GBP/USD Price Analysis: Technical outlook The GBP/USD remains in consolidation, within the 1.2670-1.
2541 Levels Previous Daily High 1.2747 Previous Daily Low 1.2686 Previous Weekly High 1.2712 Previous Weekly Low 1.2509 Previous Monthly High 1.2709 Previous Monthly Low 1.23 Daily Fibonacci 38.2% 1.2709 Daily Fibonacci 61.8% 1.2723 Daily Pivot Point S1 1.2674 Daily Pivot Point S2 1.2649 Daily Pivot Point S3 1.2612 Daily Pivot Point R1 1.2735 Daily Pivot Point R2 1.2771 Daily Pivot Point R3 1.
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