{"id":322072,"date":"2024-06-12T21:20:31","date_gmt":"2024-06-12T15:50:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=322072"},"modified":"2024-06-12T21:20:31","modified_gmt":"2024-06-12T15:50:31","slug":"rallies-above-1-2800-as-buyers-gain-momentum-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/rallies-above-1-2800-as-buyers-gain-momentum-crypto-news\/","title":{"rendered":"Rallies above 1.2800 as buyers gain momentum &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>GBP\/USD soared more than 0.70% on Wednesday, post-CPI, ahead of FOMC\u2019s decision.<\/strong><\/li>\n<li><strong>Key technical resistance lies at YTD highs of 1.2893, 1.2900, and the 1.3000 figure.<\/strong><\/li>\n<li><strong>Sellers must push prices beneath 1.2800, to remain hopeful of lower prices.<\/strong><\/li>\n<\/ul>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\" data-fxs-autoanchor=\"\">Pound Sterling<\/a> recovered some ground versus the US Dollar in early trading on Wednesday after the US Department of Labor revealed that inflation is cooling in the United States. This development happened ahead of the Federal Reserve&#8217;s monetary policy decision, which would be followed by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\">Fed<\/a> Chair Jerome Powell&#8217;s press conference. Therefore, the GBP\/USD hit a two-month high and traded at 1.28434, gaining more than 0.70%.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Price Analysis: Technical outlook<\/h2>\n<p>The GBP\/USD remains upward biased, and after the US inflation data, has broken to new two-month highs, with just the year-to-date (YTD) high lying ahead at 1.2893. Once cleared, the next stop would be 1.3000 before challenging last year&#8217;s high of 1.3142.<\/p>\n<p>Momentum shifts strongly bullish, as depicted by the Relative Strength Index (RSI), which aims upward toward becoming overbought. Yet it remains shy of the highest RSI peak of 72.<\/p>\n<p>If sellers want to regain control, they must drag the GBP\/USD below 1.2800. Once surpassed, the next support would be 1.2750, ahead of the current week\u2019s low of 1.2687.<\/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-638537998162291868.png\"><\/a><\/p>\n<div class=\"module_currencyprices_cke post-module\">\n<div class=\"fxs-major-currency-prices-wrapper\" data-config-topic=\"GBP\" data-content-module-translate=\"1\" data-module=\"currencyprices\" data-type=\"currencyprices\" data-version=\"v1\" id=\"content-module-currencyprices-GBP-425\">\n<h2 class=\"fxs-major-currency-prices-title\">British Pound PRICE Today<\/h2>\n<p class=\"fxs-major-currency-prices-content\">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.<\/p>\n<table border=\"1\" class=\"fxs-major-currency-prices-currency-prices-table\">\n<thead>\n<tr>\n<th>\u00a0<\/th>\n<th>USD<\/th>\n<th>EUR<\/th>\n<th>GBP<\/th>\n<th>JPY<\/th>\n<th>CAD<\/th>\n<th>AUD<\/th>\n<th>NZD<\/th>\n<th>CHF<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>USD<\/th>\n<td>\u00a0<\/td>\n<td class=\"strong-red\">-0.98%<\/td>\n<td class=\"strong-red\">-0.86%<\/td>\n<td class=\"strong-red\">-0.81%<\/td>\n<td class=\"light-red\">-0.56%<\/td>\n<td class=\"strong-red\">-1.36%<\/td>\n<td class=\"strong-red\">-1.22%<\/td>\n<td class=\"light-red\">-0.76%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>EUR<\/th>\n<td class=\"dark-green\">0.98%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.12%<\/td>\n<td class=\"light-green\">0.14%<\/td>\n<td class=\"light-green\">0.39%<\/td>\n<td class=\"light-red\">-0.40%<\/td>\n<td class=\"light-red\">-0.24%<\/td>\n<td class=\"light-green\">0.23%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>GBP<\/th>\n<td class=\"dark-green\">0.86%<\/td>\n<td class=\"light-red\">-0.12%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.04%<\/td>\n<td class=\"light-green\">0.29%<\/td>\n<td class=\"light-red\">-0.49%<\/td>\n<td class=\"light-red\">-0.34%<\/td>\n<td class=\"light-green\">0.10%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>JPY<\/th>\n<td class=\"dark-green\">0.81%<\/td>\n<td class=\"light-red\">-0.14%<\/td>\n<td class=\"light-red\">-0.04%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.24%<\/td>\n<td class=\"light-red\">-0.55%<\/td>\n<td class=\"light-red\">-0.40%<\/td>\n<td class=\"light-green\">0.05%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>CAD<\/th>\n<td class=\"light-green\">0.56%<\/td>\n<td class=\"light-red\">-0.39%<\/td>\n<td class=\"light-red\">-0.29%<\/td>\n<td class=\"light-red\">-0.24%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-red\">-0.80%<\/td>\n<td class=\"light-red\">-0.63%<\/td>\n<td class=\"light-red\">-0.20%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>AUD<\/th>\n<td class=\"dark-green\">1.36%<\/td>\n<td class=\"light-green\">0.40%<\/td>\n<td class=\"light-green\">0.49%<\/td>\n<td class=\"light-green\">0.55%<\/td>\n<td class=\"light-green\">0.80%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.16%<\/td>\n<td class=\"light-green\">0.63%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>NZD<\/th>\n<td class=\"dark-green\">1.22%<\/td>\n<td class=\"light-green\">0.24%<\/td>\n<td class=\"light-green\">0.34%<\/td>\n<td class=\"light-green\">0.40%<\/td>\n<td class=\"light-green\">0.63%<\/td>\n<td class=\"light-red\">-0.16%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.44%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>CHF<\/th>\n<td class=\"light-green\">0.76%<\/td>\n<td class=\"light-red\">-0.23%<\/td>\n<td class=\"light-red\">-0.10%<\/td>\n<td class=\"light-red\">-0.05%<\/td>\n<td class=\"light-green\">0.20%<\/td>\n<td class=\"light-red\">-0.63%<\/td>\n<td class=\"light-red\">-0.44%<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"fxs-major-currency-prices-currency-prices-legend\">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).<\/p>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD soared more than 0.70% on Wednesday, post-CPI, ahead of FOMC\u2019s decision. Key technical resistance lies at YTD highs of 1.2893, 1.2900, and the 1.3000 figure. Sellers must push prices beneath 1.2800, to remain hopeful of lower prices. The Pound Sterling recovered some ground versus the US Dollar in early trading on Wednesday after the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10256,"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-322072","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\/322072","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=322072"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/322072\/revisions"}],"predecessor-version":[{"id":322073,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/322072\/revisions\/322073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/10256"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=322072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=322072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=322072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}