{"id":318204,"date":"2024-06-06T20:50:42","date_gmt":"2024-06-06T15:20:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=318204"},"modified":"2024-06-06T20:50:42","modified_gmt":"2024-06-06T15:20:42","slug":"consolidates-below-strong-resistance-at-around-1-2800-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/consolidates-below-strong-resistance-at-around-1-2800-crypto-news\/","title":{"rendered":"Consolidates below strong resistance at around 1.2800 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>GBP\/USD remains firm below 1.2800, unchanged after reaching a daily high of 1.2809.<\/strong><\/li>\n<li><strong>Mixed US jobs data and global rate cuts influence the pair&#8217;s current spot price.<\/strong><\/li>\n<li><strong>Key levels: Support at 1.2755 (June 5 low), 1.2694 (June 3 low); resistance at 1.2800, 1.2817 (June 4 high), and YTD high of 1.2893.<\/strong><\/li>\n<\/ul>\n<p>The Pound Sterling stays firm during Thursday\u2019s North American session, yet it remains below 1.2800 after hitting a daily high of 1.2809 against the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\" data-fxs-autoanchor=\"\">US Dollar<\/a>. Another major central bank slashed interest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\">rates<\/a>, while softer US jobs data keep the pair at around current spot prices. The GBP\/USD trades at 1.2772, virtually unchanged.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Price Analysis: Technical outlook<\/h2>\n<p>The GBP\/USD is consolidated and remains near the weekly highs but beneath 1.2800. Although the pair tested the latter, the pair seems reluctant to a decisive break above that level that could push prices to the year-to-date (YTD) high of 1.2894.<\/p>\n<p>Even though momentum favors buyers, as depicted by the Relative Strength Index (RSI), sellers are gaining traction as the RSI aims downwards.<\/p>\n<p>That said, if GBP\/USD drops below the June 5 low of 1.2755, it will expose the next cycle low seen at 1.2694, the June 3 low. On the other hand, if buyers lift the exchange rate past 1.2800, the next resistance would be the June 4 daily high of 1.2817 before testing the year-to-date (YTD) high of 1.2893.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Price Action \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638532819826913688.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD remains firm below 1.2800, unchanged after reaching a daily high of 1.2809. Mixed US jobs data and global rate cuts influence the pair&#8217;s current spot price. Key levels: Support at 1.2755 (June 5 low), 1.2694 (June 3 low); resistance at 1.2800, 1.2817 (June 4 high), and YTD high of 1.2893. The Pound Sterling stays [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":34678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,641,255,250,277,252,247,253,249,308,256,254],"class_list":["post-318204","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-majors","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\/318204","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=318204"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/318204\/revisions"}],"predecessor-version":[{"id":318205,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/318204\/revisions\/318205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/34678"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=318204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=318204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=318204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}