GBP / USD price forecasts: Find a support nearly 1,3300 after having broken down below the ascending channel
The GBP / USD pair stabilizes approximately 1,3320 during the Asian negotiation hours on Monday, after posting losses during the previous session. Technical analysis on the daily graphics suggest an weakened optimistic trend, because the pair breaks below its ascending channel model.
However, the GBP / USD pair continues to be negotiated over the exponential mobile average of nine days (EMA), strengthening the short-term bubble momentum. In addition, the 14 -day relative force index (RSI) is more than 50, supporting more bias. Learn more …
GBP / USD weekly perspectives: Pound Sterling is resilient in Trump's pricing game
The Sterling book (GBP) has extended its winning momentum against the US dollar (USD), briefly causing the GBP / USD pair at levels above 1,3400. The GBP / USD remained mainly at the mercy of the dynamics of the US dollar, induced by the erratic tariff movements of the American president Donald Trump and some sparkle of optimism on the profits of surprisingly resilient American companies.
The Yo backback is savagely this week this week, plumming almost 1% against his main competitors at the start of the week on Monday after Trump threatened to dismiss the president of the Fed, Jerome Powell, so as not to lower interest rates fairly quickly, only to increase 1.5% a day later while Trump had softened his rhetoric on China and the independence of the American federal reserve. Learn more …
GBP / USD is consolidated around 1,3300 brand; The downward potential seems limited
The GBP / USD pair is launching the new week on a moderate note and oscillates in a narrow strip around the brand with round figures of 1,3300 during the Asian session.
The US dollar (USD) preserves the recovery gains from last week from a multi-year hollow in the middle of uncertainty on American-Chinese commercial negotiations, which, in turn, is considered a key factor acting as a front wind for the GBP / USD pair. US Treasury Secretary Scott Bessent said on Sunday that he didn’t know if US President Donald Trump spoke to Chinese President Xi Jinping. This maintains a lid on optimism led by Trump's assertion that tariff discussions with China were underway and underlie the relative status of relative safety of the USD. Learn more …
