GBP/USD Forecast

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.

The British pound has rallied slightly during the trading session here on Monday, but you can see that we're just hanging around the 50 day EMA. And it looks a lot like a market that is just simply going sideways after a significant drop over the course of three days. But uh this is still a market that is technically I guess up in an uptrend or maybe sideways. The 1.34 level should offer support as long as that holds.

GBP/USD stays bullish above 1.36 ahead of the FOMC, with traders watching 1.37–1.38 resistance as Fed risks could trigger sharp volatility.

The GBP/USD is bullish toward 1.38, but Fed and BoE decisions could spark sharp volatility and trend shifts.

The British pound edges toward a breakout above 1.36, with bullish potential toward 1.38 but volatility expected around this week’s Fed and BoE decisions.

The British pound continues to challenge 1.36 resistance, with bullish momentum supported by rising EMAs and downside risk limited by 1.34 support.

The British pound faces heavy resistance at 1.36, with traders weighing U.S. recession risks against a potential breakout toward 1.38.

GBP/USD gained on Monday but remains trapped in a sideways 200-pip range as traders eye the 1.36 resistance and Fed policy signals.

GBP/USD remains rangebound between 1.34 support and 1.36 resistance as traders await Friday’s NFP data for the next decisive move.

The British pound dropped to the 1.34 support level on Tuesday, with traders eyeing NFP data and key support at 1.32 and resistance at 1.36.

The British pound gained slightly on Monday, but GBP/USD continues to trade sideways within a 200-pip range, with traders watching 1.34 support and 1.36 resistance for the next breakout.

The British pound regained ground after an initial drop, with GBP/USD trapped between strong support at 1.34 and resistance at 1.36 as traders await a breakout.

GBP/USD edged higher on Thursday, with 1.34 acting as strong support and 1.36 capping gains, as low-volume summer trading keeps the pair in consolidation.

The British pound gained slightly Tuesday but remains stuck between 1.34 and 1.36 as traders await clarity from the Federal Reserve on rate cuts.

The GBP/USD pair has pulled back after Friday’s rally, with resistance at 1.36 and support at 1.3250 keeping the market range-bound following Powell’s speech.