GBP/USD Price Forecast: Tests nine-day EMA above descending channel near 1.2550 – FXStreet
GBP/USD is located above the descending channel, suggesting a weakening bearish bias. The upper bound of the descending channel acts as a major support near the 1.2540 level. Immediate resistance appears at the 9-day EMA at the 1.2565 level. GBP/USD has regained recent losses and is trading around 1.2550 in European time on Tuesday. Daily […]
GBP/USD Price Forecast: Pound pressured, 1.2500 in sight – FXStreet
The UK's annual growth rate remained slow in the third quarter of this year. The US reported a modest 0.4% increase in durable goods orders in November. The GBP/USD pair is in the red and the decline could widen towards 1.2500. The British pound resumed its decline against its US rival in US trading on […]
GBP/USD Price Forecast: Tests descending channel’s upper boundary above 1.2650 – FXStreet
GBP/USD could rise as momentum could pick up. This pair tests the upper bound of the descending channel that coincides with the 9-day EMA at the 1.2691 level. The first support appears to be at the 4-week low of 1.2487. GBP/USD is flat following gains in the previous session, trading around 1.2680 in Asian time […]
GBPUSD falls on Monday but bounces off a key downside target., – ForexLive
GBP/USD fell on Monday after peaking near the volatile area. 1.27159sellers appeared to cap the upside. The subsequent decline took the pair below several key technical levels. 100-bar moving average on 4-hour chart (1.2676), 100 hour moving average (1.2666),and 200 hour moving average (1.26244). Lows for the day were recorded at: 1.26164just before the upper […]
GBP/USD recovers a major part of its intraday losses, climbs back above mid-1.2500s – FXStreet
GBP/USD is attracting some bullish buying after falling to around 1.2500 during the day. The US dollar has struggled to capitalize on its modest gains, giving some support to the majors. Bets that the Fed will slow interest rate cuts and rising U.S. Treasury yields could favor dollar bulls and cap any upside. The GBP/USD […]
GBP/USD Price Forecast: Declines on disappointing data, tumbles to 1.2500 – FXStreet
GBP/USD weakened further due to weaker key economic indicators in the UK and heightened geopolitical concerns. Technical analysis highlights the possibility that the pair will test important support at 1.2445 and possibly year-to-date lows at 1.2299. The RSI is showing oversold conditions, suggesting strong bearish pressure, but it has not yet reached extreme levels. Sterling […]
GBP/USD Price Forecast: Tumbles below 1.2700 after hot UK CPI – FXStreet
The GBP/USD pair fell as UK inflation spiked, raising expectations that the Bank of England would become less accommodative. Technical analysis indicates bearish momentum as the pair is currently targeting further support levels including the May low at 1.2445. The RSI is trending towards oversold territory, suggesting continued downward pressure in the short term. Sterling […]
GBP/USD edges higher to near 1.2700 ahead of UK CPI inflation data – FXStreet
GBP/USD rose as expectations for further interest rate cuts this year by the Bank of England faded. UK CPI inflation is expected to rise 2.2% year-on-year in October and 0.5% month-on-month. The dollar could strengthen as traders look forward to pro-inflationary policies from the incoming Trump administration. GBP/USD continues to rise for the third consecutive […]
GBP/USD holds ground above 1.2650 following mixed UK data, US Retail sales eyed – FXStreet
GBP/USD remains stable after mixed GDP and industry data released by the UK. UK GDP expanded by 1.0% in the third quarter, faster than the 0.7% growth in the second quarter. UK industrial and manufacturing production fell by 0.5% and 1.0% respectively in September. GBP/USD snapped a five-day losing streak and was trading around 1.2680 […]
US Dollar Forecast: Fed Speeches and Strong Data Drive Dollar Strength; Gold, GBP/USD and EUR/USD Outlook – FX Empire
GBP/USD price chart – Source: TradingviewGBP/USD is trading 0.37% lower at $1.28213 as it remains under pressure below its pivot point at $1.28463. This level has recently served as a breakout point and is now serving as an important pivot. Below that, the pair is likely to remain in a bearish trend. Immediate support lies […]