GBP/USD Forecast

The British Pound edged lower on Tuesday, struggling near the 1.34 level as resistance builds, with a break below 1.32 signaling broader USD strength.

GBP/USD trades quietly near the midpoint of its consolidation range, with traders watching for a breakout as questions remain about the dollar's next move.

The British pound remains range-bound on Friday, trading between key moving averages as broader US dollar strength keeps upward momentum in check.

The British pound has reached the 50-day EMA against the US dollar, trading near mid-range levels as traders watch broader USD trends for the next directional move.

The British pound bounced from its 200-day EMA on Tuesday, offering a key technical support zone as the pair trades between major resistance and support levels.

The British Pound has gone back and forth during trading here on Friday as we are testing the 200-day EMA. This is a market that I think you will have to continue to look at through the prism of negative, but bouncing from the 200-day EMA is not exactly a huge surprise, I think we could see a little bit of technical uh momentum come back into the market. I don't know if it sticks, but I do think you've got a situation where traders are going to at least acknowledge this indicator. A rally at this point in time probably opens up a move to the 1.34 level at best, and then we probably roll over there.

The British pound fell significantly during the early hours here on Tuesday, but it looks like the 1.34 level is going to continue to offer a bit of support and as a result I think we've got a situation where we just go sideways Ultimately, this is a market that given enough time probably has to make a bigger decision But we are basically at fair value currently because we have been between 1.32 and 1.36 and 1.34 of course is right in the middle.

The British pound has rallied again during the early hours on Monday as we continue to see plenty of support near the 1.34 level. This is an area that continues to be noisy overall, and therefore it is worth noting that the market is essentially hanging around in the same range that we have been in for a while, therefore I think we need to determine whether or not we are going to make a bigger move.

The British pound failed to hold 1.35, with risks of a drop to 1.34–1.33. Fed rate cuts fuel debate, but dollar demand remains strong in risk-off moves.

The British Pound has initially tried to rally during the trading session here on Wednesday to break above the 50-day EMA, but it looks like we are giving back quite a bit of those gains. It's interesting as we have seen a lot of noisy behavior and I think the fact that we have given back so many gains tells me that the British pound just isn't ready to take off against the dollar yet. With the Federal Reserve interest rate cuts, since then we've seen the US dollar strengthen. Goes against everything you hear, I understand. But when you look at history, quite often, once the Fed starts cutting, especially if they do several different times over the course of a handful of months, that's pro-dollar. And that's because people run to treasuries. They need safety.

The British pound rallied a bit in the early hours of Tuesday, as we continue to see a bit of a bounce at this point. The pair is trying to continue to bounce, but we have a few things above that could cause a bit of an issue. The market has been consolidating for some time, but the market is essentially trying to sort out whether or not it can make a bigger move. With the Non-Farm Payroll numbers coming out on Friday, the market could be a bit quiet between now and then.

GBP/USD is consolidating after its recovery, facing resistance from last week’s highs while volatility builds between the 50-day and 200-day EMA.

GBP/USD sinks below 1.34 as strong US GDP and labor data fuel dollar strength, with traders eyeing 1.32 support or a rebound toward 1.36.

The British pound tumbled below the 50-day EMA on Wednesday, with GBP/USD targeting 1.34 support as a stronger dollar and weak global sentiment drive selling pressure.

The British pound initially pulled back just a touch during the early hours on Tuesday but has seen enough support to turn things around and show signs of strength. Furthermore, it’s probably worth noting that the 50 Day EMA sits right there as well at the bottom of the candlestick, and therefore a lot of people will be looking at this as a potential technical bounce. Ultimately, the market could go looking to the 1.36 level above, which is a large, round, psychologically significant figure. It is also an area where we had seen a lot of trouble previously, and therefore if we were to break above it, it would obviously signify something serious.