{"id":328705,"date":"2024-06-22T03:59:25","date_gmt":"2024-06-21T22:29:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=328705"},"modified":"2024-06-22T03:59:25","modified_gmt":"2024-06-21T22:29:25","slug":"extends-losses-and-approaches-1-2600-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/extends-losses-and-approaches-1-2600-crypto-news\/","title":{"rendered":"Extends losses and approaches 1.2600 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>GBP\/USD remains heavy as BoE delivers \u2018dovish\u2019 hold.<\/strong><\/li>\n<li><strong>UK Retail Sales crushed estimates, but PMIs were softer.<\/strong><\/li>\n<li><strong>Tested 50-DMA, bounced but remains above 100-DMA, sitting at 1.2638.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\" data-fxs-autoanchor=\"\">The Pound<\/a> Sterling prolonged its agony and fell for the second straight day after the Bank of England\u2019s decision to hold <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\">rates<\/a> unchanged, signaling that the beginning of the easing cycle is coming. Additionally, mixed UK economic data, with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\">Retail Sales<\/a> exceeding estimates but flash PMIs softening, hints the economy might be slowing. The GBP\/USD trades at 1.2636, down 0.16%.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Price Analysis: Technical outlook<\/h2>\n<p>After diving to its lowest level since May 15 at 1.2621, the GBP\/USD trimmed some of its earlier losses yet remains beneath its opening price. Momentum favors sellers, with the Relative Strength Index (RSI) aiming downwards and below its 50-neutral line.<\/p>\n<p>That said, a daily close below the May 3 high turned support at 1.2634 would pave the way to test 1.2600. A breach of the latter will expose the 200-day moving average (DMA) at 1.2552. Conversely, further upside would be seen once buyers lift the exchange rate above 1.2700.<\/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-638545779108841865.png\"><\/a><\/p>\n<div class=\"module_currencyprices_cke post-module\">\n<div class=\"fxs-major-currency-prices-wrapper\" data-config-asset=\"GBP\" data-config-criteria=\"Strongest\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-period=\"Today\" data-config-quotes=\"1.0702:1.06872,1.26577:1.26331,1.1826:1.182,0.006292:0.006272,0.00588:0.005867,0.004971:0.004964,0.730465:0.729785,0.6826:0.68286,0.5771:0.57771,116.091:116.3675,0.66537:0.66385,0.621895:0.621165,0.5258:0.525515,105.747:105.847,0.91073:0.90959,0.611995:0.61136,0.5719:0.572025,0.4835:0.48396,97.257:97.479,0.8377:0.83772,0.91945:0.920925,1.121666:1.118841,1.047943:1.046874,0.88629:0.88567,178.317:178.39,1.535675:1.53308,1.685773:1.68532,1.83304:1.830075\" data-config-topic=\"GBP\" data-content-module-translate=\"0\" data-module=\"currencyprices\" data-type=\"currencyprices\" data-version=\"v1\" id=\"content-module-currencyprices-GBP-677\">\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 Japanese Yen.<\/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=\"light-green\">0.14%<\/td>\n<td class=\"light-green\">0.19%<\/td>\n<td class=\"light-green\">0.32%<\/td>\n<td class=\"light-green\">0.09%<\/td>\n<td class=\"light-green\">0.23%<\/td>\n<td class=\"light-green\">0.10%<\/td>\n<td class=\"light-green\">0.25%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>EUR<\/th>\n<td class=\"light-red\">-0.14%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.05%<\/td>\n<td class=\"light-green\">0.22%<\/td>\n<td class=\"light-red\">-0.04%<\/td>\n<td class=\"light-green\">0.12%<\/td>\n<td class=\"light-red\">-0.02%<\/td>\n<td class=\"light-green\">0.10%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>GBP<\/th>\n<td class=\"light-red\">-0.19%<\/td>\n<td class=\"light-red\">-0.05%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.14%<\/td>\n<td class=\"light-red\">-0.11%<\/td>\n<td class=\"light-green\">0.05%<\/td>\n<td class=\"light-red\">-0.10%<\/td>\n<td class=\"light-green\">0.07%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>JPY<\/th>\n<td class=\"light-red\">-0.32%<\/td>\n<td class=\"light-red\">-0.22%<\/td>\n<td class=\"light-red\">-0.14%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-red\">-0.24%<\/td>\n<td class=\"light-red\">-0.09%<\/td>\n<td class=\"light-red\">-0.23%<\/td>\n<td class=\"light-red\">-0.04%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>CAD<\/th>\n<td class=\"light-red\">-0.09%<\/td>\n<td class=\"light-green\">0.04%<\/td>\n<td class=\"light-green\">0.11%<\/td>\n<td class=\"light-green\">0.24%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.13%<\/td>\n<td class=\"light-red\">-0.00%<\/td>\n<td class=\"light-green\">0.17%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>AUD<\/th>\n<td class=\"light-red\">-0.23%<\/td>\n<td class=\"light-red\">-0.12%<\/td>\n<td class=\"light-red\">-0.05%<\/td>\n<td class=\"light-green\">0.09%<\/td>\n<td class=\"light-red\">-0.13%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-red\">-0.16%<\/td>\n<td class=\"light-green\">0.03%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>NZD<\/th>\n<td class=\"light-red\">-0.10%<\/td>\n<td class=\"light-green\">0.02%<\/td>\n<td class=\"light-green\">0.10%<\/td>\n<td class=\"light-green\">0.23%<\/td>\n<td class=\"gray\">0.00%<\/td>\n<td class=\"light-green\">0.16%<\/td>\n<td>\u00a0<\/td>\n<td class=\"light-green\">0.16%<\/td>\n<\/tr>\n<tr class=\"fxs-major-currency-prices-currency-price\">\n<th>CHF<\/th>\n<td class=\"light-red\">-0.25%<\/td>\n<td class=\"light-red\">-0.10%<\/td>\n<td class=\"light-red\">-0.07%<\/td>\n<td class=\"light-green\">0.04%<\/td>\n<td class=\"light-red\">-0.17%<\/td>\n<td class=\"light-red\">-0.03%<\/td>\n<td class=\"light-red\">-0.16%<\/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 remains heavy as BoE delivers \u2018dovish\u2019 hold. UK Retail Sales crushed estimates, but PMIs were softer. Tested 50-DMA, bounced but remains above 100-DMA, sitting at 1.2638. The Pound Sterling prolonged its agony and fell for the second straight day after the Bank of England\u2019s decision to hold rates unchanged, signaling that the beginning of [&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":[201,248,251,246,257,641,255,250,277,252,247,253,249,308,256,254],"class_list":["post-328705","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\/328705","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=328705"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/328705\/revisions"}],"predecessor-version":[{"id":328710,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/328705\/revisions\/328710"}],"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=328705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=328705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=328705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}