The British pound dropped against the US dollar, with bearish pressure targeting 1.3250 while resistance at 1.36 caps upside ahead of Powell’s Jackson Hole speech.
The most active trading sessions for the GBP/USD currency pair occur in London and New York, with some activity during Asian markets from 2400 GMT to 0900 GMT..
GBP/USD is sensitive to political and economic developments in the UK. It's influenced by interest rate differentials, economic data, and geopolitical events. For the latest updates and forecasts on GBP/USD, consult reliable sources and market analysis reports to make informed trading decisions
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The British pound is testing the 50-Day EMA against the US dollar, with downside risks toward 1.3250 and upside potential if 1.36 breaks.
The British pound retreats against the US dollar, with resistance at 1.36 and Jackson Hole speeches likely to decide the next breakout direction.
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The British pound faces resistance at 1.3550, with risks of a pullback toward 1.3250 unless a breakout above 1.36 revives bullish momentum.
GBP/USD is approaching the 1.36 resistance, with traders watching for a breakout toward 1.38, while the 50-day EMA near 1.3433 offers key support.
The British Pound rallied toward 1.3550 after US CPI data weakened the dollar, reinforcing its status as one of the strongest major currencies.
The GBP/USD is consolidating around its 50-day EMA ahead of Tuesday’s CPI, with 1.3250 as key support and 1.3550–1.36 as major resistance.
The British pound rallies against the US dollar, challenging key resistance at 1.35 while traders weigh a possible head-and-shoulders retest and low-volume indecision.
The British Pound rallied on Wednesday toward the 1.3350 resistance level, with traders watching closely for a breakout or potential pullback amid Fed uncertainty.
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The British Pound continues to trade sideways against the US Dollar amid low summer liquidity, diverging Fed-market expectations, and softening US economic data.
The British pound’s rally faltered near the 1.3350 resistance level, with technical signs pointing to a potential decline toward 1.27 if support at 1.3135 breaks.
The British pound held around the key 1.32 level on Thursday amid growing US dollar strength and shifting expectations for Fed rate cuts.
The British pound weakens ahead of the FOMC decision, with a close below 1.32 potentially triggering further downside if Jerome Powell signals no rate cuts.
The British pound dipped below key support at 1.3350 as markets prepare for the Fed's rate decision, with potential downside toward the 200-day EMA at 1.3133.
The British pound slipped on Monday, with 1.3350 emerging as a key technical level amid head-and-shoulders risk and rising USD strength ahead of the Fed decision.