Our last projection for the GBPUSD still applied after market fell below the daily trend support at 1.3280 which could lead to more pressure over the market. As we see over the previous chart, Intraday prices show resistance around 1.3325, where as long as the market holds below it, more of drop toward targets and […]
Pound Sterling Price News and Forecast: GBP/USD declines to near 1.3195 on Wednesday
British Pound: Pressure builds on 1.3160 support against US Dollar – UOB
Pound Sterling Price News and Forecast: GBP/USD falls amid UK political uncertainty and hot US PMI
Ahead of Friday's Core PCE Price Index data, the GBP/USD saw Monday's brief rally capped and the downside march to 1,317 resumes.
British Pound: Fiscal worries cap recovery against US Dollar – Scotiabank
GBPUSD fell below the daily trend support at 1.3280 which could lead to more pressure over the market. As we see from the chart, Intraday prices show resistance around 1.3325, where as long as the market holds below it, more of drop toward targets and supports 1.3160 and 1.3010 is likely.
The Nasdaq 100 closed 1.3% lower overnight, weighed down by a 16% drop in SpaceX after a bond sale unnerved investors and a sharp decline in mega-cap stocks, with Alphabet falling 5%, Microsoft down 3.2%, and Amazon dropping 4%.
Intraday analysis covering GBPUSD , EURJPY Analysis, and GER 40, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. GBPUSD pushes higher The pound took another step forward as markets digested yesterday's announcement that the UK is looking for a new Prime Minister.
GBP/USD Price Forecast: Bearish bias persists as pair tests Symmetrical Triangle breakdown zone
Policy and growth divergence across major economies bolstered the US Dollar as DXY traded at $101.06. EUR/USD held blue trendline support at $1.1423 and GBP/USD defended rising channel floor at $1.3236.
GBP/USD is attempting to recover after defending a major support confluence near the yearly low. The rebound has eased immediate downside pressure, but Sterling remains trapped within a broader bearish structure following the sharp plunge from the June highs.