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.
Technical Analysis
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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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.
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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.
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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.
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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.
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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.
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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.
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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.
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The British Pound rallied toward 1.3550 after US CPI data weakened the dollar, reinforcing its status as one of the strongest major currencies.
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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.
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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.
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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.
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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.
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