The main reason why now is a good time to be interested in the Forex market, and in this currency pair in particular, is that the US Dollar has recently made a significant technical breakout upwards.
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 main reason why now is a good time to be interested in the Forex market, and in this currency pair in particular, is that the US Dollar has finally started moving in a more steady way – upwards.
Although longer-term charts look consolidative, we can see zooming in to the hourly chart below that the price has clearly made another short-term trend change, this time from bullish to bearish, as evidenced by a third and descending linear regression analysis study which effect
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The reason for the potentially approaching storm is the slew of high-impact data which we have scheduled for the rest of this week.
GBP/USD reached a new six-month high late last week, with Friday producing its highest daily close in more than six months. Such breakouts can matter in this pair because momentum often becomes self-reinforcing once traders accept that a long-standing range has been left behind.
The GBP/USD currency pair has been trapped inside a broad range for months, and on the surface not much seems to have changed. Yet the pair is beginning to look a little more interesting again, not because it has escaped that long-running range, but because the price action insid
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GBP/USD hesitates near resistance and the 200-day EMA as Middle East uncertainty, US Dollar direction, and range-bound trading shape the outlook.
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GBP/USD holds near the 50-day EMA despite rising US rates, with traders watching 1.34 resistance, Pound resilience, and broader Dollar strength.
GBP/USD tests the 200-day EMA as traders watch breakout risk, Wall Street-driven Dollar flows, and key levels near 1.33 and 1.35.
GBP/USD rebounds from support as traders prepare for Thursday’s NFP report, Fed rate expectations, Dollar volatility, and key levels near 1.32 and 1.33.
GBP/USD rebounds from key support as the US Dollar gives back gains, but Fed rate expectations, global Dollar demand, and resistance near 1.33 keep caution high.
GBP/USD starts the week with a rebound from 1.32 support, but resistance near 1.33 could keep the pair range-bound.
GBP/USD holds near the key 1.32 support floor as traders watch for a short-term rebound within the pair’s broader range.