GBP/USD Weekly Forecast: Sellers Find Traction, Eventful Week Ahead
GBP/USD Weekly Forecast Main Points: GBP/USD price faces downward pressure due to below-expected UK GDP. Strong US CPI and PPI data maintain support for the US dollar. Key events ahead include UK CPI, UK PMI, BoE rate decision, and FOMC. Utilize Technical Analysis and Trading Tools for market insights. The GBP/USD currency pair experienced a […]
GBP/USD Weekly Analysis: Navigating Risk and Data Releases
GBP/USD Weekly Analysis Main Points: GBP/USD faces a challenging week amid global uncertainties prompting investors to seek safety. The pair’s direction hinges on reactions to this environment and key economic data from the UK and US. Technical analysis reveals a test of the 1.2650 resistance and a critical support zone at 1.2350, influencing potential trend […]
GBP/USD Analysis: Weekly Forecast & Volatility Insights
Main Points: GBP/USD Weekly Forecast rebounds from two-month low amid risk-off sentiment. Upcoming week lacks major UK and US data, emphasizing technical indicators. Caution urged due to low trading activity during holiday-shortened week. Explore the GBP/USD Weekly Forecast as the Pound Sterling (GBP) makes a recovery against the United States Dollar (USD) from its recent […]
How to Trade GBP/USD This Week: US Data and Technical Levels to Watch
Main Points: GBP/USD bears might target the 1.2447 level, a previous swing low. Significant US economic data releases, including US Core PCE Index, could influence GBP/USD’s direction. The pair’s position below the 20- and 50-day SMA suggests a bearish trend. Anticipation Around Upcoming US Data The spotlight next week will be on the US economic […]
GBP/USD – Will 50-day moving may lend support to the pair
The GBP/USD price is struggling to hold onto the gains after finding a bearish engulfing bar on the daily chart. The price closed below the 20-day moving average and played around the 200-day moving average. The 50-day moving may lend support to the pair. However, the 100-day SMA is flat, and it may attract the […]
GBP/USD – Will the price meet the 50/100 SMAs
After hawkish Fed meeting minutes, the GBP/USD price stalled the uptrend. The bearish engulfing candlestick on the daily chart reveals a potential downtrend that may lead toward the conjunction of 50-day and 100-day SMAs around 1.1700. However, the price at current levels may find mild support from the 20-day and 200-day SMAs. Breaking below the […]
