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 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.
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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.
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 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.
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.