Today's GBP to NPR Price Update

Summary

This report provides the real-time exchange rate between the British Pound (GBP) and the Nepalese Rupee (NPR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The British Pound (GBP) is one of the world’s major fiat currencies, while the Nepalese Rupee (NPR) serves as the official currency of Nepal. The exchange rate between them reflects market sentiment regarding currency valuation and economic conditions affecting both regions.

Today’s Price

• 1 GBP = 192.05 NPR
• 24h High: 192.42 NPR
• 24h Low: 191.69 NPR

Market Analysis

Recent GBP/NPR price movements reflect ongoing currency market dynamics, with the pair showing relative stability within a narrow trading range.

• Technical levels: The 50-day moving average stands at 189.022, indicating an uptrend. The 14-day RSI reading of 68.76 suggests neutral conditions. Key support and resistance levels warrant close monitoring.
• Volatility: Over the last 30 days, GBP/NPR has exhibited 1.09% volatility
• Trading opportunities: Analytical forecasts suggest potential movement to NPR 191.83 within one week and NPR 192.86 within four weeks. Traders should monitor these levels for potential entry and exit points.

Conclusion

Continue to monitor the GBP/NPR pair closely, integrating technical analysis tools and moving averages with market sentiment. Traders should remain alert to short-term price fluctuations and utilize support and resistance levels to optimize trading strategies.