GBP/USD Price Forecast: Depressed below 1.3500 on firmer USD; bullish potential intact
The British Pound found support near 1.3300 against the US Dollar. GBP/USD formed a base and started a steady increase above the 1.3380 resistance.
Pound Sterling Price News and Forecast: GBP/USD rises toward 1.3500
Pound Sterling Price News and Forecast: GBP/USD holds onto gains near 1.3500 amid risk-on mood
GBP/USD Price Forecast: Holds onto gains near 1.3500 amid risk-on mood
British Pound: Upside risk to 1.3530 against US Dollar – UOB
With the stable Middle East truce reducing geopolitical risk premium, the Dollar gained ground amid shifting risk sentiment. DXY maintained bullish structure above $99.03, EUR/USD faced pressure below $1.166, and GBP/USD held steady at $1.3485.
On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above 1.3350. The British Pound started a decent increase above 1.3400 against the US Dollar.
Pound Sterling Price News and Forecast: GBP/USD jumps to near 1.3480 amid hopes of the US-Iran deal
GBP/USD Price Forecast: Extends recovery to near 20-EMA amid risk-on mood
Crude oil futures have been smoked on the open, sliding nearly 5% to the lowest level in a fortnight as traders continue to aggressively unwind geopolitical premium from energy markets.
GBP/USD's recovery was capped at 1.3462 last week. Initial bias remains neutral this week first.