GBP/USD price forecast: Up to the 1,3400 barrier about seven months maximum
The GBP/USD pair continues its winning streak that began on April 8, quoting around 1,3370 during the Asian hours of Monday. The technical analysis of the daily graphic indicates a continuous upward trend, with the torque advancing inside an ascending channel pattern.
In addition, the GBP/USD continues to quote over the nine -day exponential (EMA) mobile average, reinforcing the short -term bundle impulse. However, the 14 -day relative force index (RSI) has risen above 70, indicating overcompra conditions and suggesting that a possible downward correction could be on the horizon. Read more…
GBP/USD extends the rebound to about 1,3350 for a softer US dollar
The GBP/USD pair extends its rise to about 1,3350 during the first Asian session on Monday. The increase in the main torque is backed by an American dollar (USD) in general, since merchants feel increasingly confident that the economic policies of US President Donald Trump will take the economy to a recession.
The Prime Minister of the United Kingdom, Keir Starmer, and the president of the United States, Donald Trump, discussed on the “current and productive” commercial negotiations “on his first call since Trump imposed tariffs on the assets of the United Kingdom. According to a Downing Street official, Starmer emphasized his commitment to “free and open trade and the importance of protecting national interest.” Read more…
GBP/USD forecast: The sterling pound is still on the way to register weekly profits
The GBP/USD moves laterally on a narrow channel above 1,3250 in the European session on Friday after registering small profits on Thursday. The pair is still on the way to end the week in positive territory.
The dollar index (USD), which follows the performance of the USD in front of a basket of six main currencies, closed slightly on Thursday, backed by the encouraging weekly data of initial unemployment subsidy applications. The number of applications for the first time for unemployment benefits decreased to 215,000 from 224,000 in the previous week. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
