GBP/USD is currently positioned in the mid-1.36s to high-1.36s range, maintaining a solid stance above the 1.3650–1.3660 zone following a recovery from the significant decline observed after the Bank of England’s announcement. The price was unable to establish acceptance above the 1.3700–1.3729 resistance level; however, the pattern of higher lows from 1.3600–1.3632 remains intact. The … Read more
GBP/USD is currently positioned in the range of 1.3680–1.3670 in Europe, having struggled to maintain levels above 1.37. The current price is positioned slightly above the nine-day EMA, which is concentrated around the range of 1.3650 to 1.3655, and is significantly above the 50-day EMA located near 1.3513. The pair continues to trade within an … Read more
GBP/USD is currently positioned between 1.3600 and 1.3610, having pulled back from the late-January high of approximately 1.3869. This movement reflects a decline of nearly 200 pips from the four-year peak, yet the fundamental uptrend remains intact. The daily chart indicates that the pair remains above the 100-day EMA, maintaining a medium-term upward structure as … Read more
GBP/USD is currently positioned near 1.36 following a decisive rejection from 1.3870, marking the highest point since late 2021. The recent intraday range has been approximately between 1.3508 and 1.3625, with the 1.3550–1.3570 zone serving as the initial significant support level. Each attempt to reach 1.37–1.3720 has encountered resistance, confining the pair within a substantial … Read more
GBP/USD is currently positioned at approximately 1.3560–1.3570, having declined from the late-January high close to 1.3850, and is now resting on the critical decision zone between 1.3520 and 1.3500. The band corresponds with the lower boundary of the ascending channel that has directed price upward since November, the local support level from late December/early January … Read more
GBP/USD has transitioned from a clear four-month uptrend into a volatile, politically influenced range. Following a rise to a 4½-year peak around 1.3870–1.3880 in January, the pair has encountered downward pressure, recording intraday lows close to 1.3533 and facing challenges in regaining the 1.3700 level. Each advance beyond 1.3680–1.3720 is met with selling pressure, indicating … Read more
GBP/USD is maintaining the majority of its January recovery following a significant 4% increase from the monthly low. The price reached a multi-year high of 1.3869 on 27 January, marking the strongest level since September 2021, before experiencing a pause. Recent sessions indicate that GBP/USD commenced near 1.3665, reaching intraday peaks of approximately 1.3707, and … Read more
GBP/USD is currently positioned within the 1.3650–1.3700 range following a significant rejection at 1.3847, with the latest value hovering around 1.3690–1.3695. The recent shift is not arbitrary; it signifies a direct confrontation between a revitalized US Dollar, bolstered by robust economic data, and a Pound that continues to be underpinned by a persistently hawkish stance … Read more
GBP/USD has transitioned from a vigorous four-year ascent to a measured decline following adjustments in the narrative surrounding the Federal Reserve in Washington. Spot is currently hovering around 1.3660–1.3700, significantly beneath the year-to-date peak of 1.3876 and below the previous resistance level at 1.3727. The shift commenced when Donald Trump appointed Kevin Warsh as the … Read more
The week began with GBP/USD positioned at approximately 1.3660, indicating a sustained period of pound strength in contrast to a weaker USD. Initial trading remained stable, but by Tuesday, the pair ceased its gradual movement and began to surge rapidly. A surge of dollar selling impacted global foreign exchange markets, causing GBP/USD to rise sharply, … Read more
