GBPUSD managed to pass above the resistance of 1.3485 to meet the first target at 1.3580. As we see over the chart, the market is facing the first support zone at 1.3485, where if prices remain above it, more advance will be expected with resistances at 1.3580 and 1.3710-35.
GBP/USD Price Forecast: Extends decline below 20-day EMA
April CPI hotter than expected has given the Dollar a lift by cooling aggressive rate-cut expectations. DXY tests $98.59 while EUR/USD holds $1.170 and GBP/USD defends $1.351.
Intraday analysis covering GBPUSD hits another low, XAUUSD, and USOIL, focusing on short-term price action, key support and resistance levels, and intraday market momentum across major instruments. GBPUSD hits another low Cable continues to lose its dominance in the market, with price action falling to another fresh low.
Pound Sterling Price News and Forecast: GBP/USD languishes near a two-week low
British Pound seems vulnerable near two-week low vs USD; GBP/USD holds above 1.3500
While UK political instability and rising gilt yields would ordinarily be expected to weigh on sterling, recent price action suggests broader USD sentiment and swings in global risk appetite remain the dominant drivers for now. That leaves the pound in the unusual position where deteriorating domestic political fundamentals are being offset by a market still reluctant to embrace the dollar even with higher crude prices and a more geopolitically tense backdrop.
GBP/USD Price Forecast: Dark-cloud cover looms as bears eye 1.3500
With the peace narrative having stalled, it is clear that the FX market is taking a more realistic view of the US-Iran diplomatic talks than stock markets, which remain optimistic despite little real progress.
Forex Market update: The US Dollar rallies sharply as domestic inflation beats expectations and geopolitical uncertainty persists. As EUR/USD and GBP/USD reverse their recent gains amid triple-digit oil prices and fading peace hopes, explore our technical analysis to determine if the Dollar's correction is officially over.
Pound Sterling Price News and Forecast: GBP/USD slides toward trendline support below 1.3600
GBPUSD managed to pass above the resistance of 1.3485 to meet the first target at 1.3580. As we see over the chart, the market is facing the first support zone at 1.3485, where if prices remain above it, more advance will be expected with resistances at 1.3580 and 1.3710-35.