Category: Forex News, News

EUR/USD, GBP/USD, DXY Price Forecast: DXY Gains Support at $105.52; Buy Now?

 

In today’s assessment of the GBP/USD pair, the price stands at $1.25263, reflecting a gain of 0.45%. Key price levels indicate a pivot point at $1.25228, with immediate resistance at $1.25786, followed by $1.26401 and $1.27087. Conversely, support levels are identified at $1.24742, $1.24163, and $1.23656.

Technical indicators reveal the 50-day Exponential Moving Average at $1.24722 and the 200-day EMA at $1.25522. The pair maintains a bullish trajectory above the pivot point of $1.25228; however, a breach below this level could initiate a significant selling trend.

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