British Pound: Upside capped near 1.3315 against US Dollar – UOB
DXY holds above 101.76 as traders await Fed minutes, while EUR/USD tests 1.1225 and GBP/USD remains capped below 1.3284.
GBP/USD Price Forecast: Downside pressure could intensify below 1.3180
GBPUSD currency pair recently reversed up from the support zone between the key support level 1.3185 (which stopped wave (A) at the end of March and wave (C) at the end of June) and the lower daily Bollinger Band.
As we go into Q4 the wall of worry is high. Treasury yields have pushed up to their highest levels since the Financial Collapse and with the trove of oncoming debt coming due the onslaught of supply is unlikely to help that theme.
Pound Sterling Price News and Forecast: GBP/USD catches bid as BoE hawk warns inflation is embedded
GBPUSD fell toward 1.3180 as market support remains at 1.3140-60. As long as the market holds above the support zone of 1.3140-60, a rebound towards the 1.3350-1.3400 zone is likely.
British Pound: Downside bias points to 1.3140 against US Dollar – UOB
DXY holds above 101.76 as high Treasury yields offset Fed cut expectations, while EUR/USD tests 1.1225 and GBP/USD remains capped below 1.3250.
Pound Sterling Price News and Forecast: GBP/USD slides as France fiscal shock lifts the US Dollar
British Pound recovers some losses against US Dollar, ISM Services PMI eyed
GBPUSD managed to fell toward 1.3180 while market support zone still at 1.3140-60 As long as market holding trades above support zone 1.3140-60 a rebound correction movement toward 1.3350-1.3400 zone is likely Below 1.3140 more drops toward 1.3000 zone is likely SUPPORT RESISTANCE LEVEL1 1.3140-60 1.3350-1.3400 LEVEL2 1.3000 1.3475 LEVEL3 1.2880 1.3565