The pair rebounded and hit the target of 1.3485. As we see over the previous chart, the resistance of 1.3485 could lead to a drop as the first support at 1.3300-15 could push again for another advance.
Pound Sterling Price News and Forecast: GBP/USD surges as Iran truce dents US Dollar broadly
GBP/USD Price Forecast: Strives to hold key 20-day EMA
The British Pound found support at 1.3150 and started a fresh increase against the US Dollar. GBP/USD gained pace for a move above 1.3250 and 1.3350.
GBP/USD pulls back from 1.3485 as fragile ceasefire clouds outlook
Pound Sterling Price News and Forecast: GBP/USD surges as Iran truce dents US Dollar broadly
The US Dollar has put in a fast pullback on the back of ceasefire hopes in Iran. It's still early though, and there's already reports that the ceasefire may not hold as highlighted by a couple of items early in the above video.
GBP/USD surges as Iran truce dents US Dollar broadly
GBP/USD: Strong rally eyes 1.35 – Scotiabank
Pound Sterling Price News and Forecast: GBP/USD – Bulls seize control
the pair rebounded toward 1.3445 so far and is moving towards the resistance level of 1.3485. As we see over the previous chart, the resistance of 1.3485 could lead to a drop as the first support at 1.3300-15 could push again for another advance.
The Pound to Dollar (GBP/USD) exchange rate has strengthened to 1.3416 (+0.1%), breaking above previous resistance levels as the dollar weakened following confirmation of a ceasefire between the United States and Iran. The pair has moved decisively higher from the 1.32 area seen earlier in the week as markets unwind defensive dollar.