- GBP/USD may find its initial support at the monthly low at 1.3333.
- The 14-day RSI remains below 50, supporting the ongoing bearish bias.
- The primary barrier appears at the nine-day EMA of 1.3463.
GBP/USD gains ground for the second consecutive session, trading around 1.3440 during the Asian hours on Monday. The short-term price momentum is weaker as the daily chart’s technical analysis shows that the pair remains below the nine-day Exponential Moving Average (EMA).
Additionally, the 14-day Relative Strength Index (RSI) remains below the 50 level, indicating a bearish bias is active.
The GBP/USD pair is testing its primary support at the monthly low at 1.3333, recorded on September 3. A break below this level would strengthen the bearish bias and put downward pressure on the pair to navigate the region around the five-month low of 1.3141, which was reached on May 12.
On the upside, the GBP/USD pair may target the initial barrier at the nine-day EMA of 1.3463, followed by the 50-day EMA at 1.3482.
A break above the 50-day EMA would improve the short- and medium-term price momentum and support the pair to explore the region around the two-month high of 1.3726, reached on September 17, followed by the 1.3788, the highest since October 2021, which was recorded on July 1.
GBP/USD: Daily Chart
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.20% | -0.32% | -0.40% | -0.10% | -0.30% | -0.03% | -0.18% | |
| EUR | 0.20% | -0.13% | -0.38% | 0.09% | -0.10% | 0.16% | 0.00% | |
| GBP | 0.32% | 0.13% | -0.14% | 0.23% | -0.03% | 0.29% | 0.14% | |
| JPY | 0.40% | 0.38% | 0.14% | 0.36% | 0.15% | 0.26% | 0.29% | |
| CAD | 0.10% | -0.09% | -0.23% | -0.36% | -0.17% | 0.06% | -0.09% | |
| AUD | 0.30% | 0.10% | 0.03% | -0.15% | 0.17% | 0.26% | 0.11% | |
| NZD | 0.03% | -0.16% | -0.29% | -0.26% | -0.06% | -0.26% | 0.00% | |
| CHF | 0.18% | -0.01% | -0.14% | -0.29% | 0.09% | -0.11% | -0.01% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
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