GBP/USD price forecast: moves below 1,2950 to the nine -day EMA
The GBP/USD pair extends its loss streak per third consecutive session, quoting around 1,2940 during the Asian hours of Monday. The technical analysis of the daily chart suggests a continuous bullish bias, with the torque moving up into an ascending channel pattern.
The 14 -day relative force (RSI) index remains slightly below 70, indicating a strengthened bullish impulse. More profits will indicate an overstock condition and a downward correction sooner. In addition, the GBP/USD pair continues to quote over the nine -day exponential (EMA) mobile average, reinforcing a strong short -term pricing dynamics and confirming the ongoing upward trend. Read more…
GBP/USD weekly perspective: sterling pound is prepared for Fed and BOE policy ads
The pound sterling (GBP) almost tested the critical level of 1.3000 against the US dollar (USD) last week, leading to the GBP/USD torque at its highest level in four months.
The GBP/USD stretched the positive impulse of the previous week and reached four months just below the 1.3000 threshold on Wednesday before entering a upward consolidation phase in the rest of the week. Read more…
GBP/USD is consolidated below 1,2900; The bassist potential seems limited
The GBP/USD torque starts the new week with a moderate tone and oscillates in a narrow negotiation range, around the 1,2930 region during the Asian session. However, the fundamental background justifies a certain caution before positioning for any significant corrective setback from cash prices from a maximum of four months, around the 1,2990 area played last Wednesday.
The US dollar (USD) languishes about a minimum of several months in the midst of concerns that the tariffs of US President Donald Trump and retaliation measures of other countries could harm the US economy. To this is added that inflation in the US was softer than expected and that cooling signs in the US labor market could force the Federal Reserve (Fed) to cut interest rates several times this year. This, in turn, keeps the USD’s bulls on the defensive and acts as a tail wind for the GBP/USD torque. 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.
