{"id":226338,"date":"2024-01-09T17:31:30","date_gmt":"2024-01-09T12:01:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=226338"},"modified":"2024-01-09T17:31:30","modified_gmt":"2024-01-09T12:01:30","slug":"gbp-usd-consolidates-around-1-2750-video-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-consolidates-around-1-2750-video-crypto-news\/","title":{"rendered":"GBP\/USD consolidates around 1.2750 [Video] &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD gains some confidence for new higher high [Video]<\/h2>\n<p><strong>GBPUSD stepped on the 20-day simple moving average (SMA) and climbed back above the broken short-term support trendline from October at 1.2720,<\/strong>\u00a0reviving hopes that the soft four-day bullish wave could gain extra legs in the coming sessions. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/analysis\/gbp-usd-gains-some-confidence-for-new-higher-high-video-202401091102\">Read more&#8230;<\/a><\/p>\n<div class=\"youtube_cke fxs_external\">\n<p><iframe loading=\"lazy\" title=\"Technical Analysis: 09\/01\/2024 - GBPUSD gains confidence for new higher high\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/FSqvYE-vMC8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<\/div>\n<p>\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Price Analysis: Consolidates around 1.2750 followed by a barrier at 21-day EMA<\/h2>\n<p>GBP\/USD halts a four-day winning streak, trading lower near 1.2750 during the early European session on Tuesday. <strong>The GBP\/USD pair is at a critical juncture, and the possibility of a break below the major level raises the potential for further downward pressure.<\/strong> The 21-day Exponential Moving Average (EMA) at 1.2684 serves as an immediate support level to monitor.<\/p>\n<p>A breach below the 21-day EMA could signal increased selling pressure, and the pair might then approach the major support at 1.2650. This level, aligned with the 23.6% Fibonacci retracement at 1.2643, adds technical significance to the support zone. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-price-analysis-consolidates-around-12750-followed-by-a-barrier-at-21-day-ema-202401090758\">Read more&#8230;<\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/GBP_USD-638403971647723909.png\"><\/a><\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD extends its upside above the mid-1.2700s on the risk-on sentiment<\/h2>\n<p><strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">The GBP\/USD pair<\/a> traded in positive territory for the fifth consecutive day during the early Asian trading hours on Tuesday.<\/strong> Positive risk-on sentiment and a slight decline in the US Dollar (USD) are supporting the major pair&#8217;s uptick. At press time, GBP\/USD is trading at 1.2759, up 0.05% on the day.<\/p>\n<p>The US labor data last week weakened the Federal Reserve&#8217;s (Fed) case for rate cuts. Traders are pricing in around 62% odds of rate cuts in the March meeting, according to the CME Fedwatch tool. The New York Fed&#8217;s 1-year inflation expectations came in at 3.01% versus 3.36% prior. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-extends-its-upside-above-the-mid-12700s-on-the-risk-on-sentiment-202401090201\">Read more&#8230;<\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: GBP\/USD gains some confidence for new higher high [Video] GBPUSD stepped on the 20-day simple moving average (SMA) and climbed back above the broken short-term support trendline from October at 1.2720,\u00a0reviving hopes that the soft four-day bullish wave could gain extra legs in the coming sessions. Read more&#8230; \u00a0 GBP\/USD Price Analysis: Consolidates around [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":15556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,641,255,250,333,252,247,253,249,308,256,254],"class_list":["post-226338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/226338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=226338"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/226338\/revisions"}],"predecessor-version":[{"id":226339,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/226338\/revisions\/226339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/15556"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=226338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=226338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=226338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}