GBP/USD forecast: The sterling pound could correct down before the next climb
The GBP/USD began the week with a bullish tone and touched its highest level since February 2022 about 1,3600. The pair corrects downward in the European session and the technical perspectives suggest that it remains short -term overcap.
The US dollar (USD) was subjected to a strong sales pressure on Friday and fed a decisive recovery in the GBP/USD for the weekend, since the president of the United States (USA) Donald Trump threatened the European Union (EU) with 50%tariffs, noting that his discussions were not advancing. Read more…
Elliott of GBP/USD wave technical analysis [Video]
The daily chart presents a clearly bullish scenario for the GBPUSD, showing strong impulsive characteristics in its current Elliott wave settings. This configuration places the wave 3 in navy blue development within the wider gray wave 1, pointing out the completion of the corrective blue wave 2 and the beginning of a possible durable bullish impulse. This suggests that the GBPUSD has entered the most aggressive stage of its ascending cycle. Read more…
GBP/USD weekly forecast: The next 2022 peaks are the rise
The sterling pound maintained a firm tone throughout the week, pushing The GBP/USD beyond the 1,3500 brand on Friday, a territory that was not seen since the end of February 2022.
The progress of the sterling pound was largely driven by the sustained pressure on the US dollar (USD), which accelerated in the final part of the week after the threat of President Donald Trump to impose 50% tariffs on imports from the European Union (EU). 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.
