{"id":100865,"date":"2024-05-06T20:05:33","date_gmt":"2024-05-06T16:05:33","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=100865"},"modified":"2024-05-06T20:07:54","modified_gmt":"2024-05-06T16:07:54","slug":"sterling-traders-eying-1-2600","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/sterling-traders-eying-1-2600\/05\/06\/market-updates\/","title":{"rendered":"Sterling Traders Eying 1.2600"},"content":{"rendered":"\n<p>During the North American session, the British Pound registered modest gains versus the US Dollar. The Bank of England (BoE) will decide on monetary policy in a week. <br><br>An upbeat market sentiment underpins the GBP\/USD&#8217;s higher trading at around 1.2579, above a key support level. The GBP\/USD is neutral to upward biased in the near term after breaching the 200-day moving average (DMA) at 1.2547. <br><br>From a momentum standpoint, the Relative Strength Index (RSI) shifted bullishly, which could open the door for challenging the 1.2600 mark, slightly below the 50-DMA at 1.2609.<br><br>A breach of the latter will expose the confluence of the May 3 high and the 100-DMA at around 1.2634\/42 before edging toward 1.2700.<br><br>On the other hand, if the GBP\/USD retreats below the 200-DMA, sellers could regain control. The first support would be the 1.2500 figure, followed by the May 1 low of 1.2466. Once cleared, the next stop would be 1.2400, followed by the April 22 low of 1.2299.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the North American session, the British Pound registered modest gains versus the US Dollar. The Bank of England (BoE) will decide on monetary policy in a week. An upbeat market sentiment underpins the GBP\/USD&#8217;s higher trading at around 1.2579, above a key support level. The GBP\/USD is neutral to upward biased in the near &hellip;<\/p>\n","protected":false},"author":13,"featured_media":94125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7202,7034,7046],"class_list":["post-100865","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bank-of-england","tag-gbp-usd","tag-sterling"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=100865"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100865\/revisions"}],"predecessor-version":[{"id":100891,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100865\/revisions\/100891"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94125"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=100865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=100865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=100865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}