GBP/USD forecast: The sterling pound ignores the overcompra conditions behind the United Kingdom data
The GBP/USD preserves its bullish impulse after registering profits for five consecutive days and quotes in a new 2025 maximum about 1,3250 on Tuesday. The technical panorama of the PAR points to overcompra conditions.
The sterling pound gained strength on Tuesday after the United Kingdom employment data. In the three months until February, the unemployment rate of the ILO remained stable at 4.4%, the National Statistics Office (ONS) reported. More details of the publication showed that employment vacancies fell below their levels prior to pandemic for the first time in almost four years. Read more...
GBP/USD Perspective: The bulls again prove the 1,3200 barrier, waiting for the United Kingdom for new signals
The cable It remains well supported at the beginning of the week and extends its strong rise on the fifth consecutive day.
The Alcistas break the 1,3200 barrier again (after the last attempt and the false upward breakdown of April 3) but it is likely that winds against in this area again, since the indicators Diaries are entering the overcompra zone and traders can withdraw the rupture before the publication of the United Kingdom’s labor data (Tuesday) and the inflation report (Wednesday), which provide new signals. 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.
