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.
The US Dollar Index (DXY) stabilizes at 98.16 as the Strait of Hormuz re-closes and naval tensions spike. Will EUR/USD and GBP/USD bulls defend their key trendlines?
Pound Sterling Price News and Forecast: GBP/USD may find the primary barrier at the two-month high
The British Pound climbed toward 1.3600 before correcting some gains against the US Dollar. GBP/USD dipped to 1.3500 and might soon resume upside.
GBP/USD holds above 1.35 as Iran deadline and UK data wave loom
The Pound US Dollar (GBP/USD) exchange rate weakened at the start of the week, as renewed Middle East tensions supported demand for the safe-haven US Dollar. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.35403 (+0.43%)Euro to Dollar (EUR/USD): 1.17873 (+0.41%)Dollar to Japanese Yen (USD/JPY): 158.812 (-0.22%) DAILY.
GBP/USD rebounds toward 1.3530 as Dollar eases after surge
GBP/USD: Data-heavy week with political risks – Scotiabank
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.
The US Dollar Index (DXY) sinks toward $98.10 as President Trump's optimism over a US-Iran peace deal cools safe-haven demand. Discover the next technical targets for EUR/USD and GBP/USD.
GBP/USD: Political noise and softer BoE pricing – ING
GBP/USD: Downward momentum fades into broad range – UOB