(Last Updated February 12, 2021 17:27 GMT)
At the time of this writing, GBPUSD’s rate is up 28 pips (0.2%) from the hour prior. The hourly chart shows that GBPUSD has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
GBPUSD End of Day Recap
Updated 00:30 GMT (04:30 EST)
GBPUSD, which opened today priced near 1.38101, is down 21 pips 0.15% since yesterday, marking a reversal from the day prior — and the end of a 3 day positive run. Relative to other instruments in the Forex asset class, GBPUSD ranked 31st yesterday in terms of percentage price change. Here is a price chart of GBPUSD.
GBPUSD Technical Analysis
Notably, GBPUSD is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days GBPUSD’s price has gone up 7 them.