GBP/USD forecast: the sterling pound goes back but cling to a bullish position
After reaching a new maximum of several months about 1,2970 on Tuesday, the GBP/USD corrects down and listed below 1,2950 during the European session on Wednesday. However, the positive change in the feeling of risk could help the couple stand firm in the short term.
The 25% global tariffs of Trump’s government on steel and aluminum imports entered into force on Wednesday. After this development, the United Kingdom Commerce Minister Jonathan Reynolds said they are negotiating a broader economic agreement to eliminate additional tariffs. “We will keep all the options on the table and do not hesitate to respond in national interest,” Reynolds added. Read more…
GBP/USD extending up to the impulse of the Wave Five [Video]
The short -term perspective of Elliott’s wave theory in the GBP/USD suggests that the cycle from the minimum of 2.3.2025 is in progress as an impulse. From the minimum of 2.3.2025, the wave ((i)) ended in 1,2679, as the 1 hour graph shows below. The wave decline ((ii)) was developed as an expanded Elliott wave structure. From the wave ((i)), the wave (a) ended in 1,2603 and the wave (b) ended in 1,2716. The wave (c) down ended at 1,2557, thus completing the wave ((ii)) to a higher degree. From there, the wave (i) ended in 1,2614 and the wave (ii) ended in 1,258. The wave (iii) rise in 1,292 and the wave (IV) ended in 1,286. The wave (v) ended in 1,294, thus completing the wave ((iii)). 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.
