GBP/USD price forecast: Up to the maximums since February 2022 about 1,3450
The GBP/USD pair extends its winning streak for third consecutive session, quoting around 1,3430 during Wednesday’s Asian hours. The technical analysis of the daily graphic suggests a persistent bullish bias, since the torque is maintained inside an ascending channel pattern.
However, the GBP/USD pair continues to rise above the nine -day exponential mobile average (EMA), suggesting that the short -term pricing impulse is stronger. In addition, the 14 -day relative force (RSI) index is rising above 50, reinforcing a bullish bias. Read more…
GBP/USD moves upwards waiting for a series of data from the United Kingdom and the US at the end of the week
The GBP/USD rose slightly on Tuesday, advancing towards (but still unable to capture) the level of 1,3400. The cable is directed towards a series of important inflation data and business perspectives, with the inflation of the Consumer Price Index (CPI) of the United Kingdom scheduled for Wednesday, and a double publication of the results of the survey of the Purchasing Management Index (PMI) of the United Kingdom and the US.
Commercial holders are still the main engine of global markets this week. Investors maintain the hope that agreements with the US are reached that encourage the Trump administration to remove the gun from the heads of the head of their own economy, but the constant drift towards the unknown is beginning to limit the upward feeling. The Trump administration quickly approaches its own self -imposed term of 90 days on its “reciprocal tariffs” package. Although some potential commercial agreements have been announced, nothing concrete has emerged. 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.
